The hourly chart shows 3 pertinent pieces of information.
1) That ~11400 was the resistance that was borken upwards on Thurs/Fri last week.
2) On Fri, perhaps, it being the last trading day, shows a wane in long interests...
3) RSI began tappering downwards
If this 11400 support is very swiftly taken out, then last week's rally contains very little strength and it can further confirm that all the longs were infact, short coverings.
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