Mid-day Update… Looking for influence.

Morning’s influence lapsed, none other yet appearing.

Was the bullish WedEX influential? A gap down did define the morning’s low. And its reaction did probe back into positive territory. That’s hardly optimal.

Regardless, any WedEX influence lapsed when this morning’s bias environment was exited.

RSIs diverged negatively at this morning’s 2376.00 high, which had room to react down to 2372.00. It was tested and retested, while the noon hour fluctuated 5-6 ticks either way around 2373.00.

So, this morning’s post-open bounce hasn’t reversed momentum up, and there’s no requirement to extend the bounce any higher. The next move is in search of sponsorship — whether that is to resume the morning’s recovery, or to resume the overnight drop, or to stretch the rubber band by testing either post-extreme before snapping back.