Mid-day Update… What about last night?

Gap up still inhibiting sponsorship.

This morning’s post-open bounce up to 2372.00 was eventually reversed to probe under the open’s 2367.25 low. By 6 ticks. The effort persisted through the bias environment lapsing, which fulfills the bearish WedEX’s minimum requirement.

But its influence on Monday morning wasn’t aggressive, which is likely when Friday afternoon’s influence is muted. Regardless, its influence has lapsed, and now price action is subject to other influences only.

The afternoon bias isn’t stepping into that role. It just triggered no-bias, without testing either signal, but attacking the 2371.50 bias-up. Probing any higher before the bias environment begins lapsing in an hour would be doomed to failure.

No-bias trending would be doomed, but it could meanwhile extend to test the 2375.00-2377.00 overnight highs. No such test is required, and resolving down remains possible.