The main Elliott wave count expected upwards movement. This is what has happened to start the new week.
The main Elliott wave count expected more upwards movement to end the week, which is what happened.
A bounce was expected for Thursday’s session and this is exactly what happened.
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained.
The main wave count expected more upwards movement, which is what has happened. Targets remain the same.
New all time highs were expected for this week and that is exactly what has happened this Monday.
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold.
A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish.
A small inside day closes green. Price remains above stops on long positions. The Elliott wave analysis remains the same.
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions.