Post-open Review… WedEX redux.

Gap up doesn’t impeded bearish WedEX.

Testing, retesting and re-retesting 2577.00 before the open pretended to be “ineffectual pessimism” that would all but ensure probing higher, even if only temporarily. This contrarianism behavior, and stopping 1 tick short of touching the overnight “new Globex trend extreme,” didn’t prevent the open from trending down.

A fresh high would have been preferable for short-entry. But trending down through the open held a test of the 2575.75 bias-up signal through 10:15. An offsetting test of the 2567.25 bias-down signal is in-play. So far, 2572.00 has been touched.

2572.00 was touched at the overnight lows — two distinct lows, including the open’s blip-down. Its break through the open would have invited velocity into the decline. Its support might otherwise be challenging to break, but this morning’s bias environment is still expected to trend down.