Upwards movement continued as the Elliott wave count expected. The target remains the same.
A breach of an important channel changes the mid-term outlook for the S&P today. Members were warned yesterday that the risk of a pullback was heightened.
A very small range inside day sees the Elliott wave count slightly changed for the short term. A small triangle may be completing.
Price continues to move higher towards the targets. Targets remain the same.
More upwards movement has unfolded as expected. The Elliott wave and classic analysis targets remain the same.
Upwards movement continues exactly as expected towards the targets.
Another small range day remains tightly constrained between support and resistance.
A developing pattern suggests the direction for a breakout. Targets may be calculated using an Elliott wave count, Fibonacci ratios and classic analysis.
Market breadth and volatility are used at the end of this week to indicate the direction for next week. The Elliott wave count continues to have support from rising market breadth in the AD line and declining VIX.