DAX reclaims some lost ground, but how much further can it rebound?

Earlier this morning the DAX opened lower and crumbled to a new low on the week, at 22,469. The index had closed yesterday at 22,839 and reopened this morning at 22,574. Well, since then it has been making back some of that lost ground and just now edged back above 22,700. However, in terms of the intraday price action, this looks correctional. Perhaps a rise back above 22,839 might change that, but even then not necessarily so. The question here; how far might it recover before sellers step in to send it back down again? That is not easy to answer, but wherever that level is, unless something materially changes, it would seem that sellers will return some stage today. The DAX is right now at 22,693