Post-open Review… Live to rise another day.
Overnight drop finds no reinforcements.
Gapping down to and through the 2598.00 “lower prior highs” would have inverted yesterday’s bullish WedEX. But its overnight test down to 2596.50 was already recovering before the open. WedEX remains bullish.
Testing and holding the bias-down target post-open would have reflected weak-handed sellers. Post-open action is rallying anyway, and not recovering the 2609.50 bias-down signal. So, at least an offsetting test of the 2619.25 bias-up signal is in-play. It has been attacked during a range that reacted down to 2611.00.
Already attacking the bias-up signal to within 3 ticks keeps it from becoming unfinished business if left outstanding. And holding the pre-open test of the 2601.00 bias-down target was too early to require an offsetting test of the 2625.25 bias-up target. But holding 2611.00 would be more vulnerable to extending higher anyway.
