Mid-day Update… More sponsorship?

Time growing short to avoid new downdraft.

Ultimately, this morning’s rally only attacked 2264.00. That’s still productive for the bullish WedEX. Negative territory was never touched, Friday’s highs were probed, and the rally was comprised of two aggressive uplegs.

It wasn’t influential enough to recover the 2260.25 bias-up signal by 10:15 to trigger it, or by 10:30 to invalidate no-bias — or to recover the 2267.25 bias-up target by 10:30. So, a test of this morning’s 2251.25 bias-down signal has become “unfinished business below.”

The WedEX influence lapsed with the morning bias environment. It is no longer influential. Triggering this afternoon’s 2261.00 bias-up signal would still be credible. Otherwise, back under 2257.50 would at least threaten the 2255.00 bias-down signal.