Mid-day Update… Choppy, trendless, unchanged.

Another relevant window returns to Friday’s close.

The bearish WedEX influence on this morning’s price action was not successful. Post-open probes into negative territory only tested the overnight lows down to 2667.50. The morning’s no-bias setup wasn’t successful either. An offsetting test of its 2665.50 bias-down signal became “unfinished business below.”

Attempts to actually reject the bearish WedEX also were not successful. Rallying to almost 2683.00 into the bias environment exit was no-bias trending. It has been retraced to the morning’s 2675.50 bias-up signal, and also to the 2670.50 10:15 print.

WedEX is no longer relevant. And returning yet again to unchanged around 2773.00 makes trending at all difficult. By the same token, intraday volatility hasn’t offset the earlier ineffectual optimism that makes probing lower this afternoon likely — so long as 2676.25 holds as resistance.