ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
10th September 2026 - The benchmark S&P 500 futures were clinging onto short-term support into tonight’s closing session, trading just above the earlier September low of 7618.50 to a session low of 7628.75 with### after-hours trading up to 7651.00. Should this support hold with upside progress Thursday/Friday, it’ll confirm sub-micro wave 2’s upward correction hasn’t quite finished and will head higher, up to 7812.75+/- ahead of resuming larger declines. This short-term upward possibility does dove-tail with the Nasdaq 100 and even Europe’s Eurostoxx 50. Such a rally would likely be... Read full summary in our latest report!

Currencies (FX)
10th September 2026 - The US$ dollar index is reattempting August’s low of 98.56 to 98.60 today despite higher Crude oil prices and higher US10yr yields. The short-term correlation has seemingly broken down ###although we’re expecting it to resume now. Looking across the dollar currency pairs, Stlg/US$ stands out as the ...FONT SIZE=-3 COLOR="gray">Read full summary in our latest report!

Bonds (Interest Rates)
10th September 2026 - The US10yr yield broke above the early-September high of 4.817 that completed five waves up from August’s low of 4.607 as minuette wave [i] to 4.854 today. This new higher-high is tracking the### corresponding advance in Crude oil, maintaining positive-correlation. Should Crude oil find overhead resistance around current levels, then reversing lower, it would suggest it declining back towards August low of 74.24+/-. That would trigger count #2 for the US10yr yield, pulling lower as the finalisation of an expanding flat correction towards 4.709+/-, about -15bps below today’s high. The ECB watch-tool shows a 99% per cent probability the central bank ... Read full summary in our latest report!

Commodities
10th September 2026 - The negative-correlation between gold and the US$ dollar has remained constant – the dollar is forming a secondary low today, in preparation for reversing higher to begin a ###sustained +3.5% advance – gold’s decline from August’s high of 4697.11 is already confirming an inverse decline has begun minute wave 5 targeting 3797.00+/-, about -14% below current levels. Silver has just completed its short-term corrective upswing from the previous week’s low of 63.30 to 68.32 today, ... Read full summary in our latest report!

