DAX 40

Key insight

25,500 resistance cluster is the line in the sand — clear daily close above it opens 26,000; failure hands bears a test of 25,000 support where the 50-day MA converges.

25,487 holds above the 25,000 round-number base while European peers (CAC +0.7%, FTSE +0.5%) outperform a softer Wall Street, signalling selective euro-zone buying despite USD headwinds.

Main risk

US equity drag / Risk-off spillover

S&P 500 -0.4%, Nasdaq -0.6% on 28 Sep — sustained US weakness breaks DAX correlation and pulls index toward 24,800.