Mid-day Update… Yesterday, unwound.

Bearish WedEX isn’t hibernating.

This morning’s break tested all but 1 tick of its 2345.00-2346.00 objective. Reacting up to 2350.75 was reversed down immediately at noon.

Immediately, and substantially, back into the 2345.00-2346.00 range. Flat-to-higher ranging resolved down coming out of the noon hour. Substantially, plunging to touch this afternoon’s 2340.75 bias-down target.

Holding the bias-down target doesn’t renew this afternoon’s 2346.00 bias-down signal. But this is nevertheless a bias-down environment. And the afternoon’s bearish WedEX is apparently exercising its influence.

Yesterday’s 2341.00 opening print is obligatory support. Its break would next target filling the gap back down to Wednesday’s 2334.00 closes, and essentially 2327.25 below it. Recovering 2350.50 would be earliest to suspect a bullish resolution underway.