Pre-close View… Into the weekend meekly?
Noon hour’s pullback absorbed, but not reversed.
The morning’s 2039.75 bias-up target wasn’t exceeded in time to renew the bias-up signal. It was probed anyway up to 2042.75. But the bias environment was exited back at 2039.75. And the noon hour fluctuated around it. Buyers weren’t gaining any traction for their effort.
Some sort of dip remained likely before the bullish WedEX could be influential. Dropping out of the noon hour from 2040.00 tested the afternoon’s 2033.50 bias-down signal by 2 ticks.
Now the bias environment is beginning to lapse. Already a bounce is testing 2038.00. Not exiting the bias environment above prior highs does impede the ability to extend higher through the close. But nothing inherent to the WedEX suggests it will be invalidated and it’s too late to invert.
