Mid-day Update… And announcement.
We’ll do an early Market Wrap at 1:30 pm ET. It will be expanded since there’s no Saturday Review. All are welcome… I’ll be gone for the day after that.
The pre-open surge into a Rising Wedge had resolved aggressively to the upside. 
We discussed it during the Market Tour, and its potential influence on intraday action.
That potential influence required post-open patterns to form with a similar legacy. In fact, the inability to break convincingly above the 2181.25-2182.00 renewed bias-up target did create reversal potential. And the morning drifted lower.
Now the lower quadrant of the pre-open Rising Wedge is being tested at 2173.50. This could be the pullback’s end. There is room for noise down to 2170.75, but any lower would target the surge’s 2166.00 origin.
Sliding sharply today depended greatly on already trending down more deeply this morning. The noon hour wasn’t greeted low enough to enable a collapse. There’s still a vulnerability, but not the same risk. And the balance of the session could simply firm and bounce if 2173.50 holds its test as support.