Upwards movement continues as expected. The target is also now a short term limit.
Upwards movement continued for Friday to another new all time high as the main Elliott wave count expected.
Sideways movement sees three wave counts still valid. The AD line and VIX are giving signals, and On Balance Volume may provide a signal tomorrow.
An inside day fits the main hourly Elliott wave count best. The target is slightly adjusted.
The classic technical analysis target was 2,801. This was met with the gap higher today to a new all time high at 2,807.54.
Price continues higher as expected.
Today, monthly charts are analysed and a new target is added.
Yesterday’s main Elliott wave count expected more upwards movement.
Price has moved lower. Last analysis warned that divergence with the AD line and bearish signals from VIX may be followed by some downwards movement.
Upwards movement continued for another day towards targets as expected. Today, the AD line and VIX are giving signals.
A small shallow correction was expected to end and be followed by upwards movement. This is what happened. Targets remain the same at this time.