An interruption to the upwards trend was expected to come before 3,174.78. Today the AD line and VIX may indicate whether this interruption has arrived early or not.
A small downwards day remains above the Elliott wave invalidation point, and price remains within the channel on the short-term hourly chart. Overall, price is so far behaving as expected.
Today both the AD line and inverted VIX give signals that support the main Elliott wave count.
At the end of this week, the AD line gives another signal that strongly supports the main Elliott wave count.
Downwards movement for Friday was expected for the short term.
This week saw price move upwards as expected, with a higher high and a higher low.
Upwards movement was expected to resume. The session has closed as an outside day with a strong finish and a green daily candlestick.
Today the AD line, On Balance Volume and inverted VIX give signals which support alternate Elliott wave counts. Price remains range bound. The alternate Elliott wave counts expect the same direction for the breakout.