Saturday, September 6, 2014
MTU Weekend Ed. - Terminal Move (9/5/14 close)
stocks, gold, USD
For the near term, we are tracking two possibilities for stocks. Odds appear to favor additional near term advances.
 SPX/Dow/NDX appear to be in their fifth wave advance since their August lows (Chart 1 and 2, green counts). Wave 5 and wave 1 equality projects to 2030 in SPX. 2015 is where wave 5 equals to 0.618 of wave 1.
 The current upswing in SPX topped this past Thursday (Chart 1 and 2, blue counts). In this case, the Dow Transports topped one day later and NDX one day earlier.
This weekend marked the three-year anniversary of Gold's record peak in 2011, as discussed in Monthly Outlook Update (8/29/14) It'll be interesting to see if a turning point is at hand and if the bullish blue terminal triangle wave (C) in Chart 4 completes the Gold's decline.
At the same time, the USD index is at its major long term resistance (Chart 5). A similar, but bearish, red terminal triangle wave (C) is potentially present in the USD index.