DAX eyes 9400
From the looks of price action so far, it seems the overnight bounce merely provided the opportunity for more selling, with 9622 acting as resistance early on in the session.
A move back below 9480 would then suggest the index is off back to the lows at 9400, while below this the next area to watch is 9260.
Dow could target 50-day SMA
After a remarkable session, the index is back above the rising hourly trendline, although it still needs to push on beyond resistance at 16,450, where the gains faltered at the end of last week (and also on Monday).
A drop back again today might indicate that the bounce has finally run its course, at which point the index targets 16,227 and then 16,072.
A move through 16,450 would head towards 16,650 and on to the 50-day simple moving average at 16,969.