DAX Analysis: A Decisive Battle at the 23.000 MarkGERMAN STOCK INDEX (DAX)TVC:DEU40christianaumillerThe DAX is deep in a correction. After a massive drop below the psychological 23.000-point mark. the index was only able to find a tentative bottom at the overarching trend line. The current technical rebound has now brought the price back exactly to the 23.000 mark - the former support level has now turned into resistance. The scenarios: - Bearish: If the 23.000 mark is not recaptured. the technical breakout remains active. A renewed sell-off toward 22.000 or even 21.500 points is then likely. - Bullish: Only a sustained rise above 23.200 to 23.900 points would brighten the short-term outlook and pave the way back to the old trend. The Big Picture: Despite the painful correction. the overarching uptrend remains technically intact as long as the index does not fall below the critical 18.500-point level. We are currently in a volatile macro consolidation phase. The coming days around the 23.000-point mark will be decisive: recovery or continuation of the correction?