Price moved overall lower as yesterday’s analysis expected.
Upwards movement continues as the main Elliott wave count expects.
Upwards movement was expected. A higher high and a higher low today fits the basic definition of an upwards day. The Elliott wave target remains the same.
To end the week, upwards movement has continued as expected.
More downwards movement to a target at 2,698 was expected. The low for Monday at 2,691.43 is 6.57 points below the target.
A test of support about 2,912 was expected to begin the new trading week, which is exactly what has happened.
Today’s small shallow correction fits the overall expectation of the main Elliott wave count.
Today’s signals from On Balance Volume, the AD line and VIX all point to the same direction for price next.
Three short term Elliott wave counts are provided for members to consider all possibilities.