The bearish WedEX had no

The bearish WedEX had no influence Monday, probably for having already exceeded the orbit of influence by the time of Monday”s open. That was a gap down which immediately followed a trading halt. The halt may have been produced by strong hands, but extending beyond it immediately is more reflective of weak-handed sponsorship, so its oversold RSIs don”t require a retest.

Yet, it was Monday afternoon that trended down. The morning”s decline wasn”t extended, but its 61.8% correction wasn”t rejected. The morning”s recovery back above 1882 — i.e. the “throat” of October”s “V” bottom — was rewarded by extending up to 1950 intraday. But 1882 didn”t maintain its recovery through the close, so the morning”s recovery is no longer relevant.

More so, Monday”s sellers gained traction. The afternoon”s bias environment was exited at 2:30 under the noon hour” slow, and the final hour was entered at 3:00 under the bias environment”s low. Sellers are likely to control Tuesday morning, or else a bounce Tuesday morning will fail and they”ll control the afternoon. Only gapping up above Monday afternoon”s 1946 high would suggest otherwise by forming a “session-long reversal” setup.

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