DAX40: Daily Framework Read | 2026-09-18

DAX 40 (DAX) is trading near 25,538, 0.7% lower on the day and trading in the lower half of its one-month range. The one-month average sits near 25,815, and price is below it, so that line is the pivot the two-way traffic keeps returning to. Momentum has cooled over the last two weeks, roughly 1.8% down, leaving the structure as a downtrend, price under both its one-month and longer averages. The levels that matter are 26,619 overhead, the past month’s swing high, about 4.2% above here, with 25,173 below as the shelf that has held, roughly 1.4% down; the 26,000 and 25,500 round numbers are the nearer handles. Zoom out and the last three months have ranged between 24,548 and 26,619, which frames the bigger picture. For now the tilt is bearish: a close above 26,619 would open room toward 27,119, while losing 25,173 would put 24,548 back in view.

The chart above is the full daily read: structure, momentum, the levels that matter, and where the current price sits against them. Read it top to bottom for the complete picture, and pair it with our session briefs for the wider market context.