For the very short term, a small pullback was expected to begin the new trading week, which is what has happened. The Elliott wave count and targets remain the same.
Further upwards movement continues as expected from the Elliott wave count.
A little sideways movement to complete a small range Doji candlestick fits the Elliott wave count. Price remains within the channel and below the invalidation point.
The most likely scenario expected yesterday was for downwards movement to continue, which is what has happened. The first target is met and the structure is incomplete. The second target will now be used.
A correction was expected for this week. Price remains within the channel on the daily chart as expected.
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound.
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count.
Today On Balance Volume and the AD line indicate the likely form of this current correction.
A very small range upwards day remains below the prior high and overall fits the short-term picture for the Elliott wave count.
Upwards movement has continued as expected. The target remains the same.