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Post-open Review… Ex-WedEX? – If, Then… Market Timing

Post-open Review… Ex-WedEX?

Only opening action briefly displays upward aggression.

The overnight gyration was duplicated on a smaller scale by a post-open surge. The 2036.00 open had extended up to within 1 tick of this morning’s 2041.50 bias-up signal. It hasn’t been straight down from there, but it has been only down.

A pullback to 2036.50 was anticipated, but it extended back to the 2033.50 pre-open low. And triggering no-bias after testing the bias-up signal has put into play an offsetting test of the bias-down signal — which would be effectively a retest of the 2031.00 overnight lows.

Is the bullish WedEX dead if a target is in-play below?A bounce from 2033.50 prevented extending deeper than the first 3 minutes under the sell signal. Back under 2034.50 would resume the decline. Otherwise, back above 2037.00 could try the bullish WedEX again.