As an example, last weeks saw this Index penetrate the key 17,300 Support Level on multiple occasions..only to rebound instantly which sure looks like an exercise in "Stop Hunting".
And as you can see, the last 1/2 hour of Friday's trade saw a break above the upper line of a 3 day consolidation rectangle(Pink line).
To get a further idea of how vicious this market is look at how many red vs green candles there were in those 3 days..and how the groupings were aligned.
A very unsettled revelation and one that mainly kept us on the sidelines and out of harms way.
So, this Monday the US markets are closed for MLK day so we'll have to see if that last "bullish" candle on Friday is a sign that this pullback might be over or simply short covering before a 3 day weekend...
As far as levels go, let's see how the 17,500 level holds and if so, whether or not the key 17,600 resistance gets tested..