For the short term, a little more downwards movement was expected. Another red daily candlestick has printed with a lower low and a lower high, fitting expectations.
The first target at 2,739 to 2,738 was passed. The next target at 2,722 has not quite been met.
Today the AD line and Lowry’s data is used to indicate the most likely next direction for tomorrow.
More downwards movement was expected for the session to reach the lower edge of a channel. The channel was overshot and price quickly reversed to close back within it. This is mostly what was expected.
A small range downwards day saw price move mostly sideways. Price remains above the Elliott wave invalidation points and within the channel. Targets remain the same.
Upwards movement continues towards the targets.
A little downwards movement sees price remain within the channel on the daily chart.
Upwards movement continues exactly as expected towards the targets.