Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count.
Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow.
A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market.
Upwards movement continues as the Elliott wave count expects overall at the daily chart level.
Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate.
Monday was expected to be an upwards day, but this is not what happened.
Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected.
Price moved a little lower before bouncing upwards to close green at the end of the session.
Downwards movement continued, as expected, and found support at three different trend lines.
On Friday another downwards day unfolded exactly as expected for the S&P500.