Upwards movement was expected for last week, which is exactly what has happened.
Both Elliott wave counts remain valid, but the main Elliott wave count has more support from classic technical analysis, particularly market breadth.
Upwards movement again continued as the main Elliott wave count expected.
Today the AD line and VIX give a signal for tomorrow’s direction. Fibonacci ratios are used as targets.
A little more upwards movement was expected from the short-term hourly Elliott wave count.
Downwards movement continued as expected, although the short term target was again inadequate.
A new swing low at the daily chart level indicates the Elliott wave counts should now be swapped over.
A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is correct.
Upwards movement continues as the main Elliott wave count expects.
The alternate Elliott wave count remains valid, but it has less support from classic technical analysis, so it is judged to have a lower probability.
A very small upwards day fits short term expectations exactly.
The main Elliott wave count remains the same and has support from the short term volume profile.