Upwards movement overall was expected for the week, which is what has happened.
For the short term, both hourly Elliott wave counts expected the week to begin with a little upwards movement, which is what has happened.
Upwards movement overall was expected to continue. This is what is happening.
Upwards movement indicates an alternate Elliott wave count looks more likely.
Today two Elliott wave counts are again presented as options.
Last analysis expected that a primary degree bearish wave had arrived. Today’s downwards movement overall fits that expectation, although targets were inadequate.
Downwards movement remains above the invalidation point for the main Elliott wave count and above the last swing low on the daily chart. Two Elliott wave counts remain valid.
Another inside day comes with a small signal from the AD line.
Price remains above the invalidation point. Both Elliott wave counts remain valid.
Upwards movement is exactly what was expected for the main Elliott wave count.