DAX's reaction last week was very calm comparing it to the rest of the world indexes. DAX is one of the EU indexes which can give a clue for market direction before the others. As you noticed NASDAQ100 refuses to decline as well, and bravely defends its low since 5/6/2010. That also should be a clue for the US indexes.
I came up with a completed flat correction, where the situation offers clear day trading
buy entry.
Good luck!
P.S. Today is the monthly full moon cycle. That usually makes the bulls more aggressive!