DAX: Going much lower as long as this level holds.Germany DAX 40 IndexICMARKETS:DE40InvestingScopeDAX turned neutral on its 1D technical outlook (RSI = 50.407, MACD = -1.300, ADX = 36.223) as yesterday's rebound limited some losses from the correction that started last week. That correction took place just under the R1 level, a Resistance that dropped the index another 2 times. As long as the market fails to cross it, it should technically seek the S1 level (TP1 = 23,630). A 1W close below it, can extend the correction to the level that supported March's correction, the 1W MA100. It can make contact with it on the S1 level, a double support cluster, with TP2 = 22,900. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##