The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53.
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions.
A new all time high was expected from last analysis.
The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning.
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 was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high.
Monday was expected to begin with a little downwards movement to either 2,358 or 2,354.
Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher.
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation.
Upwards movement continues as the Elliott wave count expects overall at the daily chart level.
Price moved a little lower before bouncing upwards to close green at the end of the session.