Last weekend I posted a 1 hour chart, suggesting a a possible...

Last weekend I posted a 1 hour chart, suggesting a a possible reversal off the bottom. We were up to the second green arrow a time, but it only did 50 points. Then it retraced to the lows and bounced again off the horizontal and downtrend line support. Is that a retest, or should we stick with the horizontal range that has been happening for months? Notice the big red candles - stairs up, elevator down. But the last red candle (red arrow) didn't follow through to the down side. Indeed, it looks like possible support from the black slow SMA and the horizontal 5697 line. Perhaps it means selling pressure has reduced, or maybe it was just following US leads about tax cuts. I don't know the answers, but I thought it was interesting.