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Can the DAX hold an opening rebound?

As just noted in the previous update, all the major European stock market indexes posted lower closes yesterday and the losses were led by the CAC 40. However, in percentage terms, the DAX was not far behind it. The CAC closed 1.99% lower, compared to a 1.96% loss for the DAX and just 0.63% for the FTSE 100. The DAX fell back to a session low at 18,253 and did not close much above that low, when ending the session 365 points lower, at 18,265. The DAX futures have rebounded this morning though and right now pricing the opening at, or above 18,325. The real question right now; is can the DAX hold or even extend that potential higher opening, or will it cave in again? Whilst there is an open mind on that here, the downside risks still look more prevalent right now. 

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