Mid-day Update… Paradigm shift.

Morning’s rally fulfills objective, in time for afternoon bearish influence.

Is this week’s WedEX influence bearish? We’ll soon see.

Holding the post-open test of this morning’s 2802.25 bias-down signal had put into play an offsetting test of its 2811.00 bias-up signal. Attacking it to within 3 ticks at this morning’s high neutralized the objective.

Friday morning bias signals tend to persist through the noon hour, which traded flat-to-lower. Its pullback held above the morning uptrend’s last relative low, so sellers didn’t gain traction for their effort.

But now it’s Friday afternoon. The bearish WedEX is in-play, and already 2803.50 has been touched. Of course, being the afternoon’s bias-down signal in a no-bias environment means 2803.50 should define the window’s lower-end. Which it is, so far, reacting up at least 2 points.

Lower lows should be contained above yesterday’s 2800.00-2802.00 lows to maintain the open’s Isolation setup. Probing much lower would suggest something more substantial coming.