The upwards trend was expected to continue. An inside day today closes green, and the balance of volume was upwards. Elliott wave and classic analysis targets remain the same.
An outside day for Friday closes green as the S&P500 ends with a little strength into the close. This is what the main Elliott wave count has expected, and it now has support from classic technical analysis this week.
A small range day leaves the main Elliott wave count unchanged.
Sideways movement continues but now all of On Balance Volume, the AD line, and inverted VIX give the same signals. The Elliott wave count is updated.
A small range downwards day closes as a doji. Targets remain the same. The Elliott wave count remains valid and price remains within a channel.
Price moved overall lower as yesterday’s analysis expected.
Elliott wave structure of the last upwards movement off December 2018 lows is used to analyse what is most likely to happen for the short to mid term.
Upwards movement continues as the main Elliott wave count expects.