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Pre-close View… Weak WedEX. – If, Then… Market Timing

Pre-close View… Weak WedEX.

Fresh afternoon lows undermining the bullish signal.

It’s WedEX time. And then some.

The noon hour’s shallow pullback from attacking 2056.00 had extended down to 2050.50 before the 1:20 bias timing window. Its reaction up to 2053.25 was reversed to fresh lows at 2047.50.

Just recovering the 2053.25 origin would satisfy this afternoon’s bullish WedEX. And it was attacked to 2052.00. But another downdraft has fallen to 2045.00. Simultaneously oversold RSIs there require its retest.

It’s too late for the WedEX to invert to bearish. But it could simply fail. Back above 2047.50 would start to signal a recovery underway. Otherwise, retesting 2045.00 by more than 2-3 ticks would question the WedEX influence.