Pre-close View… Bearish WedEX?
Two bearish indicators being overcome.
The afternoon’s fresh lows were probed during a no-bias environment, under its 2016.00 bias-down signal. Any day other than expiration would have required retracing up to 2016.00. Nevertheless, it was recovered, and exceeded to fresh session highs at 2024.75.
The session’s opening 15 minutes had trended down throughout suggesting downtrending throughout the day. Everything except the last upleg fulfilled the open’s setup. Meanwhile, the session’s bearish WedEX couldn’t sustain the downtrend. But its potential would remain alive — albeit on life support — by closing at or under 2023.00.
The bearish WedEX’s should influence Monday morning very aggressively, or else not at all. Not already trending down at Monday’s open would be likely to extend higher through the morning.
