Mid-day Update… That’s the least of it.

Gap back to Friday’s cash session essentially filled.

The bearish WedEX’s influence ultimately sent the morning down. It wasn’t simply from the open, but it was done. Essentially. Friday’s cash session close was attacked to within 1 point at this morning’s 1995.75 low.

And it’s all just noise within Friday’s last downleg.

The overnight and open highs attacked and tested Friday afternoon’s 2014.25 high, so neither end of the last downleg has been probed. If Friday’s actual 1994.00 and 1991.00 lows aren’t actually probed, then the lows haven’t actually held a test.

So, the pattern is no more bullish now than it was at Friday’s close.

Actually probing Friday’s low and recovering it would be more bullish, as holiday seasonality starts undermining sponsorship. That’s still possible, but it hasn’t yet been done. Bouncing anyway is possible, too, but not reliable.