DAX at risk of daily and weekly close below 18k?

As the US markets continue to show divergence between the Dow Jones and the Nasdaq 100, the European markets just now fell to fresh session lows. The CAC 40 just hit a fresh low underneath 7,485 and the DAX did likewise, as it dipped close to 17,975. So the earlier rebound from lows near 17,985 to above 18,100 has long since blown out. The obvious risk this afternoon; is for the index to post a daily and weekly close below 18k today. Well, of course it is probably too early in the session to call that yet, but it could easily happen. That said the price action is getting more sporadic as the weekend approaches and conditions seem to be thinning out all the time. That means 50 points is but a blink of the eye this afternoon and caution and dexterity are surely required for anyone trading this one at the moment. The DAX is currently trading at 17,995