Pre-close view… Buckle in.
Bias environment”s bounce is greeting the bearish WedEX.
Friday afternoon and Monday morning price action should be biased downward. So says the WedEX indicator, which triggered Wednesday, and then clarified matters on Thursday.
All opportunity to invert is gone. The possibility exists, but it is always difficult. Now, not resuming the decline would invalidate the bearish WedEX.
This could get very ugly, and there”s no reason to assume it can recover straightaway Monday.
