Mid-day Update… Pausing.
Hovering through the noon hour.
This morning’s late bias-down made it to 2420.25 before bouncing back up through the 2425.25 bias-down signal to 2427.00 by noon,and to 2428.50 during the noon hour.
Neither afternoon bias signal was touched as price dipped to 2425.25. This is a no-bias environment.
The bearish WedEX influence can’t prevent probing above 2428.50, but it should lead to reversing back down before the close. This morning’s 2418.75 bias-down target is now “unfinished business below,” and a likely objective.
Back above 2430.50 would start to suggest a more significant bounce underway — which would undermine the afternoon’s bearish influence.
