Mid-day Update… Consolidating the morning rally.
Awaiting more sponsorship.
The bullish WedEX is now moot. A 2-point post-open dip to 2153.00 support was reversed up to 2162.00. Bias-up triggered, putting into play 2163.75 which is now “unfinished business above.”
This afternoon’s no-bias environment can fluctuate between its signals. That allows room to this afternoon’s 2164.50 bias-up signal, which encompasses the unfinished business above.
No further rally today is required. But exiting the bias environment under the noon hour’s 2157.75 low would be the first indication that this afternoon won’t likely rally.
