ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
12th March 2026 - As the Middle East war rolls forwards, downside pressure persists across global equities. All major U.S./European indices traded sharply lower into the early-session Monday, but has### since rallied strongly higher. Monday’s lows ended 3rd waves within a developing five wave ending-diagonal pattern in the S&P 500 and a 1st wave in the Nasdaq 100’s diagonal – this low also completed a 1st wave low in the Dow Jones and part of the Russell 2000’s impulse decline from January’s high – all four have retraced some of... Read full summary in our latest report!

Currencies (FX)
12th March 2026 - The US$ dollar index has just completed a short-term expanding flat corrective downswing that began from the March 3rd high of 99.68 completing into Tuesday’s low at 98.49. An advance has since### taken the dollar up to 99.29 today, validating the completion of the expanding flat whilst ensuring the larger five wave uptrend of minor wave c. that began from January’s low remains on-track to test higher levels. The Euro/US$ completed a comparable short-term expanding flat corrective upswing and is now resuming January’s impulse decline. Stlg/US$ completed a corresponding rally but as a zig zag but is now resuming its developing five wave downtrend from January’s high of 1.3869. US$/Yen is of concern – it’s continuing higher and set to test levels towards 160.17+/-. Should intervention occur ...Read full summary in our latest report!

Bonds (Interest Rates)
12th March 2026 - Treasury yields moved higher today as investors weighed a sticky February CPI inflation report and monitored moves in oil prices in the midst of the latest developments in the U.S.-Iran war.### Ordinarily, this wouldn’t be enough to push yields higher although right now, markets are pricing-in the inflationary oil factor despite declines of -35% in Crude oil since Monday’s peak. Whilst the US10yr yield remains below January’s high of 4.312, a downtrend remains valid although today’s... Read full summary in our latest report!

Commodities
12th March 2026 - Gold has rallied from the early-March low of 4996.41 into a corrective slanting flat pattern as minute wave 2, completing into this week’s high of 5235.11 with downside acceleration about to ###trigger a big decline as wave 3 lasting the next few weeks. Silver is similarly finishing a short-term correction as ... Read full summary in our latest report!

