Continuing to track Dax in the box

Last week saw the index bouncing off the lower end of the trading range. (Read about it here: https://www.claritech.app/post/tracking-dax-in-the-box) This week, the Dax failed to test the top of the range and is back to the lower end of the trading range. A sign of selling pressure as prices move higher. The index is trading below its 50 day and 100 day moving averages which reflects negative sentiment. RSI continues to remain weak.

Current market price (cmp): 15260. Where to next? 15000 is the 200 day moving average for the index which is expected to be an area of buying interest (-2% from cmp). On the upside, the top of the trading range continues to be an area of resistance (15800, 4% from cmp). On the downside, a move below the 200 dma is likely to increase selling as stop losses are triggered. Support @ 14400 (-6% from cmp).