Last analysis expected that a pullback was complete and upwards movement should resume. This is exactly what has happened so far.
The session began with a new high and then continued overall sideways to close as a doji.
The AD line gives another strong signal today.
The main Elliott wave count in last analysis expected upwards movement. This is exactly what is happening.
Upwards movement was expected for the session. The session began with a sharp fall, which was then followed by a steady rise to close above the open.
Short term movement fits the Elliott wave count at the hourly chart level very well. The target remains the same.
Again, upwards movement continues as expected from last analysis.
Upwards movement continues as expected from last analysis. The target remains the same.
There were conflicting signals in last analysis from the AD line and On Balance Volume. The direction for Monday was unclear.
A new low below 2,585.89 indicated more downwards movement, with the first target at 2,561. The low for Monday was 7.2 points below the target.
Downwards movement was expected to continue for Wednesday, which is exactly what has happened.
Downwards movement was expected for Thursday’s session, which is what has happened.