Price remains range bound and all three Elliott wave counts remain valid.
A new low at the open of the session invalidated the main Elliott wave count and gave confidence to the alternate. At that stage, the target for downwards movement was 2,842.28. The low for the session was at 2,822.
At the end of this week, the AD line and VIX indicate the most likely Elliott wave count.
A small range day makes a new all time high.
Today RSI, the AD line and VIX are used to indicate which of two Elliott wave counts may be most likely.
A continuation of sideways movement overall was expected for this week. A small pattern may be developing on the daily chart, which may provide a classic technical analysis target to supplement the Elliott wave target.
Price continues to move sideways. A small pennant pattern may be forming on the daily chart. A target is calculated using the flag pole.
A new all time high was expected this week from the S&P, which is what has happened.
Upwards movement was expected. Price has moved a little higher.