The 'COVID' hourly charts (across hundreds of stocks) have proven to be extremely accurate.
Below is the XAO (closing price) chart which highlights the 7806 level. Since 08/21 there have been numerous attempts to consistently CLOSE above same.....and have ALL been rejected.
It would be reasonable to assume that this level could be a guide to the 'health' of the market moving forward (IMO).
Cheers.
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