Mid-day Update… WedEX ahead.

Target below met, timing window lapsing, weekend ahead.

The open’s gap up to 2164.00 was the product of a late surge, making it suspect in this pattern. Its reversal down was immediate, and extended down to 2157.00. Rejecting the bias-up signal put into play a test of 2152.00.

Non-committal RSIs made the decline vulnerable to a choppy ride. But that was limited to a single bounce up to 2160.50. The decline had soon resumed, and now 2152.00 is being pierced by 2 ticks.

Meeting the target does not equate to being a buy signal. Lower lows may yet be probed. RSIs are oversold again, and the bias environment is lapsing. WedEX’s bullish influence can now appear, but not necessarily yet. Back above 2155.75 would signal momentum reversing up.