A small range inside day leaves all Elliott wave counts unchanged today.
Downwards movement this week fits both short-term outlooks. Classic analysis is used to determine the probability of each with clear price points for a breakout.
A little more downwards movement remains within the current consolidation zone. Only one hourly Elliott wave count now remains, giving some clarity on the structure of the correction.
The Elliott wave count remains the same. It expected more sideways movement.
Upwards movement continues as the preferred Elliott wave count expects. A slight new high now changes the Elliott wave structure for two of the four Elliott wave counts.
A pullback was expected to end about 1,235. Downwards movement for Friday reached 1,232.98 and then quickly reversed.
Downwards movement was expected to begin the new trading week. An inside day closes red, which mostly fits expectations.
With markets in the US closed for Thanksgiving Day, a very quiet 24 hours sees a very small doji candlestick leave the analysis the same.
A small inside day leaves all Elliott wave counts unchanged.
Downwards movement was not expected for Wednesday, but price remains above the invalidation point and the preferred Elliott wave count remains valid.
Another small range day remains within the consolidation zone. On Balance Volume remains range bound and may give a signal within a very few days.