The next target was at 3,238 to 3,240. The high this session at 3,240.48 meets expectations.
Price continues to move higher as expected.
VIX may be sounding an early warning sign of the next pullback or consolidation, but the Elliott wave structure is incomplete and the small 2 point target zone has not yet been met.
A brief and shallow correction was expected to continue lower to 3,130. Downwards movement continued further than expected, reaching a low at 3,110.78.
A breach of a small short-term channel early on Friday indicated a small correction had begun. The Elliott wave count at that stage expected a small short-term pullback to continue.
An interruption to the upwards trend was expected to come before 3,174.78. Today the AD line and VIX may indicate whether this interruption has arrived early or not.
A little more downwards movement has unfolded as expected.
Today both the AD line and inverted VIX give signals that support the main Elliott wave count.
The Elliott wave count is unchanged.