Mid-day Update… Waiting on WedEX.

lede .

This morning’s bias environment was exited above its 1907.00 bias-down signal. Being a late no-bias that rejected tests of both bias-down parameters, that exit keeps alive potential for offsetting tests of this morning’s 1920.00 and 1926.50 bias-up parameters.

In fact, the bias environment exit touched 1916.00. The afternoon no-bias bias environment ranged sideways, 2-3 points either way around 1911.00-1912.00, almost exclusively in negative territory.

Now the afternoon bias environment is lapsing. Its late bounce to 1914.50 has reacted down to the range’s 1909.50 lower-end. This dip must be reversed back up above 1911.00-1912.00 and higher into the final hour if WedEX’s bullish influence is intact. Fresh afternoon lows into the final hour would be difficult to recover today.