Mid-day Update… What did I miss?

Nothing.

This morning’s bias environment began lapsing at 11:30. It came within view of lapsing 10-15 minutes earlier. And only several minutes prior to that, another blip-down probed a fresh session low 5 ticks under 2579.00‘s prior low.

Then it was right back up into the range, testing 2582.25 resistance. Through the noon hour. And now into the afternoon bias environment.

Nothing about this persistent ranging indicates that sellers are marginalized. Or that buyers have a pulse. WedEX’s influence is now relevant. It doesn’t require trending, and doesn’t prevent a downdraft. But a downdraft would be likely to recover back above its origin. And there’s potential to drift, firm, or rally into the close.