Upwards movement continues towards the Elliott wave and classic technical analysis targets.
Last analysis expected a brief shallow pullback. A small range day, closing as a doji candlestick, perfectly fits this expectation with a slightly lower high and slightly lower low.
The last main Elliott wave count expected upwards movement to continue.
An important trend line has been breached today, and the AD line is very close to providing a major signal.
Upwards movement was again expected, and that is what happened today. The target remains the same.
A signal today from On Balance Volume offers a clue as to a likely direction tomorrow for price.
A bounce was expected to continue for one to a few days, before downwards movement resumed, but the bounce was over already and downwards movement resumed a little earlier than anticipated. A target may now be calculated.
Price overshot a support line and has reversed strongly from just below it.
Volume, RSI and the AD line today all point to the same direction next.
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.