Mid-day Update… WedEX time!

So far, so bullish.

This morning’s recovery up to 2181.25 resistance ranged narrowly sideways into the noon hour. And halfway through it. The noon hour’s second half slid to 2176.00.

Noon hour action is not yet subject to the WedEX influence. Bias environment is. And since entering the bias environment, price has improved to test 2179.50.

That’s in-line with a bullish WedEX. But it’s only a bounce, and extending to fresh highs above 2181.25 would be helpful confirmation. Back under 2176.75 would start to signal a new downleg underway, which would not be appropriate for a bullish WedEX.