DAX — week of September 7 – 11, 2026: ShortDAX FuturesEUREX_DLY:FDAX1!GekkquantLAST WEEK: "My ground is the weekly pivot at 26,455 … reclaim it and I am long." Monday opened above it at 26,541, printed the week's high at 26,585, and by Tuesday the index was at 25,835 with the 26,247 line gone. The shelf was never touched; the week bottomed at 25,759 and settled at 26,082. The map was wrong, and the tape does not owe me an explanation. THE SETUP Short — the record settle at 26,615 lasted 1 session. Not the ECB — 2 hot inflation prints broke it: 856 points gone in 3 sessions, the August floor at 25,965 lost on the heaviest volume since early July. The bounce is a lower high: it died Friday at 26,190, 18 points over the drop's 50% mark, and Monday cannot hold 26,050. The buyers of last Monday's 26,214–26,585 range are underwater and want out; that inventory is the lid, and I sell in front of it. The plan is on the chart: sell 26,142, out on a daily settle above 26,283, TP1 25,835, paid at 25,759–25,699. The 1 number is 25,965: above it the pivot comes to me; a settle under it opens the hole without me — I sell rallies, not holes. THE CATALYSTS (CET) Mon 7 — Light: German industrial production 08:00 CET, euro-area GDP revision 11:00; US markets closed, so a thin afternoon. Tue 8 — German trade balance 08:00 CET; a positioning day ahead of the ECB, nothing more. Wed 9 — 10-year Bund auction 11:42 CET prices what the hike costs; Lagarde and Nagel speak 19:00 with the cash market closed. Thu 10 — THE day: ECB 14:15 CET, a 25 bp hike priced to the decimal; the move is in Lagarde's 14:45 answer on whether another hike is coming. US PPI 14:30. Fri 11 — US CPI 14:30 CET decides whether the Fed joins the hiking; the DAX takes that vote, it does not cast it. BOTTOM LINE A record that lasted 1 session, a floor lost on the heaviest tape since July, a bounce that died at the 50% mark — I sell it. 26,142 is my price, in front of the inventory that wants out above it; 25,835 pays, 25,759–25,699 pays properly. A settle above 26,283 and that inventory is not trapped anymore, it is winning — a short against winners is a donation, and that close ends it. Not advice — trade your own plan.