Price has moved higher as last analysis expected. The Elliott wave target remains the same.
Downwards movement was expected to most likely be a small pullback within an ongoing upwards trend.
The pullback has remained above the invalidation point, as expected. The target is slightly adjusted; the Elliott wave target is now only 2 points from the classic analysis target.
Another small day moves price essentially sideways.
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold.
A small pullback was expected to be relatively brief and shallow. So far price is meeting this expectation.
Gaps will be used for trading advice for members with long positions.
It looks like price has broken upwards out of a symmetrical triangle.
Some trading advice on how to use gaps is offered today to members.
Price has moved sideways to complete an inside day and close as a doji.
Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected.
Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be.