Mid-day Update… WedEX disproving ground.

No signs yet of a bearish influence.

Trick question: What do we call a bias-up signal that is triggered by only 1 point? …Answer: Bias-up.

The WedEX influence begins sometime between noon and 1:30, i.e. the morning’s bias environment and noon hour fully lapsing. This window began at 2383.00 and extended up to 2386.50. Its reaction down to 2383.25 was recovered in time to trigger the 2383.75 bias-up signal at 1:20.

Triggering bias-up is in conflict with this afternoon’s bearish WedEX influence. Back under 2383.75 at 1:30 would have invalidated bias-up signal. Too late for that. Reversing down anyway under 2382.50 would still be credible for extending down and behaving bearishly, regardless of it leaving “unfinished business above.”

Closing above the 2383.00 noon hour entry, and the 2385.50 1:30 print, would invalidate the bearish WedEX. Reversing down hard from testing the afternoon’s 2389.50 bias-up target would be possible, but that pattern isn’t likely on a Friday afternoon. A successful bearish WedEX would more likely ignore the afternoon’s bias-up signal.