Mid-day Update… Waiting it out.

No-bias triggers as WedEX arrives.

REMINDER: I am away from the screens for today’s last timing window beginning at 2:30 ET… There will be no more updates and no market Wrap. Don’t forget about tomorrow morning’s Saturday Review.

Soon after triggering no-bias, a steep slide began that quickly touched its 2179.25 objective. Room for a fresh low down to 2177.50 was also touched before the bias environment was even close to lapsing.

The balance of the bias environment and the noon hour ranged narrowly at the lows. Firming through the noon hour’s end is now attacking 2182.00. That’s well under the afternoon’s 2184.25 bias-up signal.

This afternoon’s bearish WedEX is now influential. It might not prevent a bigger bounce, but it does suggest the bounce will fail. Whatever the price action, it should resolve in lower lows.

The influence will be relevant Monday, too. We’ll discuss it during this weekend’s Saturday Review. I’ll send info overnight.