Upwards movement continues towards the small 2 point target zone, which remains the same. The target is calculated using Elliott wave and Fibonacci ratios, and from the last open gap.
Price continues to move higher towards the target with brief and shallow corrections, exactly as expected.
A small channel on the hourly chart today may be used to indicate when the next correction may have arrived.
Price continues on upwards towards the next target.
Divergence between price and market breadth at the last high for price strongly supports the main Elliott wave count.
Upwards movement has unfolded for Tuesday exactly as expected.
Price is perfectly bouncing up off the support line on the short-term hourly chart. The Elliott wave count remains the same.
A breakout is expected tomorrow. The target remains the same.
A small range inside day leaves the Elliott wave counts and targets unchanged.
Upwards movement continued as was expected for the short term from last analysis.
Today a candlestick pattern along with signals from VIX indicate the next movement for the short term. The mid-term target remains the same.
Yesterday’s analysis expected a sideways consolidation to continue for a few sessions. Some upwards movement today changes the short-term view slightly to see a bounce continuing, but the mid-term expectation and target remains the same.
An upwards breakout has support from volume today. Elliott wave targets remain the same.