Elliott Wave Update ~ 24 October 2014

Biggest two week rise since the 2009 low. Yet it didn't yet trigger a Zweig Breath Thrust Event. Not that it won't - it must do that on Monday's session as it is the 10th day. My point is, that despite a 144 SPX point rise in a mere 7.5 days, it has not triggered a "breadth thrust event".

Needs to finish above the .618 red line to trigger a ZBT event on Mionday or else the time limit will have passed. It just might. We'll see.

The prediction is that the SPX will reach 1970 SPX. Why? Because I forgot I have this labeled as an extended Minute (v) of 1 down. And per labeling if the extended wave is five of any known impulse, then the retrace should go back to the Minuette (ii) of (v) of 1 down. That is 1970.26 SPX. That is per EW Principles (Frost/Prechter)
And despite the amazing seven day rally it will take a close above 1970 SPX to break the downtrend!

NYSE. Also targeting wave two of five down.

Bonds:

Backtest of the Monthly Wilshire?

Closed inside the lower trendline.

Global Dow may portend the true fate of prices over the next few weeks

Gold:

Dollar exhibited the same long-term compression as the 6 month yield chart above. And it has seemingly broken out.

Oil:

CRB at long term support.