Pre-close View… Bearish WedEX discretely late to the party.

But it’s arrived. So far, in the least possible way.

This morning’s bias-down threatened to invert the bullish WedEX. A last ditch effort was made to avoid that, but it failed. Bearish WedEX, it is.

Immediately, the bias environment’s lapsing produced new session lows at 2001.50. The afternoon’s late bias-down environment was retraced up to 2014.50 at the last possible moment, but ultimately lapsed back at its 2008.00 bias-down signal.

Remember, the bearish WedEX is responsible Friday afternoon only for causing bounces to fail. That means retracing deeper than 61.8%. That happens to be 2007.00, which is being tested now.

In fact, 2007.00 is being overlapped considerably. Congestion could break either way, but usually only temporarily. So, a late bounce should still fail. If so, then WedEX won’t be invalidated. And Monday morning would be likelier to trend down aggressively (from its opening print).