Mid-day Update… Bigger fish to fry?

Upside potential met, and corrected, in time for bullish bias.

Yesterday afternoon’s rally had not gained traction for its efforts. Extending it this morning required gapping up above a relevant prior high at 2046.50.

Eventually, the 2055.00-2056.00 renewed bias-up target was met (all but 1 tick of it).

None of which has anything to do with the bullish WedEX, which begins its influence at the 1:20 bias timing window. Inverting it now is very unlikely, essentially requiring that a new accumulative pattern be triggered, its target met, and its signal retraced.

Barely enough time remains for dipping to 2048.00 or 2046.00 before a bullish bias takes over. Being vulnerable to a dip doesn’t require it. And back above 2054.25 would suggest it’s not coming.