Mid-day Update… Good to the last drop.

Hovering in positive territory.

This morning’s choppy ranging wasn’t much different from the overnight action. Neither was it very rewarding to yesterday’s buyers for having gained traction. But fresh highs were probed, and positive territory was maintained throughout the morning.

It’s time for the bearish influences to make themselves apparent.

A bearish WedEX has been waiting in the wings, salivating at the rising prices. Its influence this afternoon need not be dramatic, and can simply force rally efforts to fail. This morning’s opening 15 minutes trended down, which also need not have a dramatic influence, but suggests the afternoon will print lower lows.

Between the two bearish influences, a flat-to-lower afternoon is likelier. An aggressive drop is possible. Yesterday’s 2017.00 cash session high is now being probed again. Back above 2020.50 would suggest fresh highs will be probed regardless.