DAX 40: Back Above 24,840. Now 25,000 Decides.Germany 40TRADENATION:DE40BazemtraderChip stocks just had their best day in weeks, and DAX rode the wave back above the 24,840 line it broke last Friday. THE LEVEL THAT FLIPPED OVERNIGHT Micron, SK Hynix and SanDisk all jumped 4-8% on Monday. UBS called the whole move a "positioning unwind" after a huge run-up this year, not a sign anything is actually broken. That rebound pulled DAX back above 24,840, the line that snapped on Friday and stayed broken through the weekend. Now the question is whether it holds. THE LEVELS ON RECORD Reclaim: 25,200, the July 2 breakout shelf. Clear this and the bearish case is dead. Today's hurdle: 25,000, the next resistance on the way up. The new floor: 24,840, just reclaimed overnight. This has to hold. Downside marker: 24,635, already tagged on Friday if the floor gives way again. THE PLAN FOR EACH SIDE Long: a 1H close above 25,000 opens the door back to 25,200. Short: a 1H close back below 24,840 that holds reopens 24,635. No trade: between 24,840 and 25,000, this is still just digesting the bounce. IF I'M WRONG A close back under 24,840 means the overnight reclaim was a fakeout, not a real recovery. No shame in that. It just means the chip-stock rebound didn't have enough behind it to carry DAX with it, and 24,635 comes back into play. A BOUNCE ISN'T A TREND YET Reclaiming a broken level overnight feels like a big deal, but it's only the first step. The real test is whether price can push through the next resistance above it. Until DAX clears 25,000, this is a level getting retested, not a trend that's changed. Zooming into the daily DAX map (https://www.tradingview.com/chart/DE40/wfKYnm9C-DAX-Back-Above-25-000-After-a-1-060-Point-Dive/) for the bigger structure. I will update this idea as the levels get tested.