Upwards movement was unexpected for Friday.
Overall more downwards movement was expected and did happen, but a small bounce was expected to end about 1,270 first and that did not happen.
Price moved higher for Friday’s session, which was not expected but was allowed for. Price remains below the invalidation point on the main hourly Elliott wave count.
This week volume and ATR are giving some clues as to what the upwards movement for the last three days most likely means.
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted.