Post-open Review… Stretching the premise.

Bearish WedEX might only define a pullback.

The WedEX setup’s influence should begin no later than 9:15. Which means sentiment until then can trend in the opposite direction. Which this morning’s open did.

The intraday crowd often duplicates any extreme overnight action, even if only momentarily. So, the post-open surge was not surprising. Surging 8 points from the 2729.00 open probed a buy signal above 2730.75, tested its likely 2434.75 target, piercing both it and the overnight high.

Peaking by halfway through the opening 15 minutes would have been optimal. Peaking at 9:45 is acceptable, if not also confirmed by then reacting down 6 points to attack 2731.00. Pretty productive. Until it wasn’t.

All of the elements for a bearish WedEX were intact through the open. A fresh high that is not only retesting the 2737.00 9:45 sentiment peak would invalidate the setup. And right now, the 2737.00 9:45 sentiment peak is being retested up to 2738.75.

If it’s any more than just a retest, then the setup can be as bullish as it would have been bearish. Back under 2734.75 would otherwise signal a steep, deep reversal down underway.