A new high above 2,952.86 adds confidence to the main wave count.
Upwards movement was expected to begin the new week. The Elliott wave target remains the same. The breakaway gap continues to provide support.
An inside day closes red. Upwards movement was expected today. Price remains above the short-term invalidation point, and the session ended strongly.
Upwards movement continues exactly as expected. Today the Elliott wave analysis has strong support from the AD line and On Balance Volume.
An upwards breakout from a consolidation was expected. The Elliott wave target remains the same.
The main Elliott wave count has very strong support from classic technical analysis, particularly the AD line.
Price remains range bound with resistance about 2,940 and support about 2,920. The breakout is still expected to be in the same direction. Targets remain the same.
For the short term, a small amount of upwards movement to either 2,871 or 2,898 was expected for Friday. Upwards movement reached 2,893.63.
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same.
Classic technical analysis favours the main Elliott wave count.