Yesterday’s main Elliott wave count expected upwards movement to continue. The target remains the same.
A small inside day continues a small consolidation. The main and alternate short-term Elliott wave counts remain essentially the same.
Price is now very close to the Elliott wave target at 3,260.
Now two small range days in a row have moved price lower. This fits with the expectation of a consolidation to continue.
Overall, this week’s analysis has expected a consolidation or pullback for an Elliott wave fourth wave correction. That view remains unchanged at the end of this week.
Another strong upwards day continues price towards the Elliott wave target.
Yesterday’s analysis expected a short-term pullback or consolidation. A small range downwards day fits this expectation.
Today’s signals from the AD line and inverted VIX indicate a likely direction for price tomorrow.