Overall sideways movement fits the main Elliott wave count nicely.
The main Elliott wave count yesterday expected more upwards movement, which is what has happened.
The main hourly Elliott wave count expected upwards movement which is overall how Friday unfolded.
A little downwards movement was expected from yesterday’s hourly Elliott wave count to end about either 1,270.53 or 1,265.46.
So far price has moved lower to 1,263.
Upwards movement was expected for Monday’s session but did not happen. The hourly Elliott wave count was invalidated by downwards movement.
Price moved lower as yesterday’s Elliott wave count expected.
Downwards movement was expected from both hourly Elliott wave counts.
Downwards movement was expected from the main Elliott wave count.
The main hourly count was invalidated above 1,241.55 and the alternate was confirmed. The alternate expected more upwards movement.
The main Elliott wave count expected a small bounce to be followed by more downwards movement.
The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term.
I have a new alternate Elliott wave count for you.
Upwards movement was again expected, but this is not what happened.
Price moved lower turning just above the invalidation point.
Upwards movement was unexpected and invalidated the hourly Elliott wave count.
Both Elliott wave counts remain valid.
Price should indicate which one is correct in the next one or two sessions.