All three short term Elliott wave counts remain the same, as does the daily Elliott wave count.
A very short range inside day does not change the Elliott wave count. Price remains within the channel and above the short term invalidation point.
At the end of the week, on the weekly time period, new signals from On Balance Volume and the AD line give confidence in the larger picture for the Elliott wave count.
A small inside day, closing red, mostly fits the Elliott wave count for the short term.
Price remains above the invalidation point, which is very close by.
A little downwards movement was expected for Wednesday’s session. A lower low and a lower high fits the definition of downwards movement.
A little downwards movement was expected to 2,653. The low for the session was 2,648.
Upwards movement was again expected. The first target was reached and passed. The second target zone is not yet met.
The AD line today gives a strong signal.
More upwards movement was expected. This is how the session began, completing a five up, which the Elliott wave count expected, but a strong pullback at the end of the session has come earlier than anticipated.
A little more upwards movement for Tuesday remains below the invalidation point.
Another green daily candlestick has completed as expected.
Price remains mostly within the channel on the hourly chart; it has not been breached. The Elliott wave count is unfolding mostly as expected.