ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
28th March 2026 - Stock indices underwent another relentless sell-off into Friday’s late-trading session, slightly exceeding 3rd wave downside targets although still within proximity of finishing next Monday. The### overlapping price declines in the S&P 500 and Nasdaq 100 since January’s peaks suggests these 3rd wave lows are unfolding within five wave ending-type diagonal patterns which have limited downside reach. At no time have prices undergone ‘price-expansion’ typically associated...… Read full summary in our latest report!

Currencies (FX)
28th March 2026 - The US$ dollar index edged higher today, continuing its advance from this week’s low of 98.88 – this is enough to isolate that previous swing down between 100.54-98.88 as the completion of minuette ###wave [iv] with wave [v] heading higher next week. Overall, the dollar is gaining upside momentum as short-covering and safe-haven buying establishes 3rd wave impetus – targets towards 101.73+/-. The Euro/US$ is inversely trending down as its 3rd wave with comparable targets towards 1.1254+/- whilst Stlg/US$ has downside targets towards 1.2977+/-. Critical moment for US$/Yen as it reaches... Read full summary in our latest report!

Bonds (Interest Rates)
28th March 2026 - There’s been no hint of a short-term correction for the US10yr yield as its negative-correlation to U.S. stock markets remains constant, with stock indices declining again today, finishing on the ###week’s lows with the US10yr yield inversely higher to 4.482. This suggests continued upside progress as minor wave c.’s developing five wave impulse uptrend that began from the end-February low of 3.924. The DE10yr yield failed to undergo a short-term…Read full summary in our latest report!

Commodities
28th March 2026 - Gold is most likely still working its way higher as minute wave 4 from last Monday’s low of 4099.61. This correction is unfolding into an [a]-[b]-[c], 5-3-5 zig zag pattern – targets unchanged### towards min. 4652.45+/- max. 4754.05+/-. Silver’s corresponding 4th wave rally from Monday’s low has upside targets measuring towards min. 75.79+- max. 77.57+/-. Crude oil has pushed strongly higher today as U.S. stock markets slid lower. The negative-correlation…Read full summary in our latest report!

