ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
30th May 2026 - Stock indices are completing end-March/early-April’s five wave impulse advances into Friday’s highs, perhaps even squeezing out a marginal higher-high early Monday next week but overall, an imminent reversal is expected. The### correlations across the asset classes remains constant with the negatively-correlated US$ dollar finishing a short-term corrective downswing today, preparing to head strongly higher next week – Europe’s DE10yr yield is approaching corrective downside targets, preparing to reverse higher next week alongside treasury yields too – and precious metals are... Read full summary in our latest report!

Currencies (FX)
30th May 2026 - The currency outlook continues to favour broad US$ dollar strength with most major pairs developing corrective Elliott Wave structures that should ultimately resolve in the dollar’s favour. The US$ dollar index is consolidating recent### gains within a developing double zig zag advance, with interim upside targets projected towards 100.75+/- and later, 101.97+/- before the larger diagonal pattern completes near 102.96+/-. Inversely, the Euro/US$ remains vulnerable, with a complex corrective decline targeting 1.1411+/- and later 1.1197+/- before the broader diagonal pattern concludes near 1.1078+/-. Stlg/US$ also remains under pressure with further...Read full summary in our latest report!

Bonds (Interest Rates)
30th May 2026 - The DE10yr bund yield continues to provide a useful proxy for the US10yr treasury yield, with a corrective downswing approaching completion between 2.897+/- and 2.853+/-. Once complete, the preferred Elliott Wave count ###anticipates renewed gains as intermediate wave (C) resumes, targeting 3.454+/-. Such a reversal would reinforce the view that recent declines in... Read full summary in our latest report!

Commodities
30th May 2026 - The commodities outlook remains broadly defensive, with precious metals expected to remain under pressure whilst energy markets retain the potential for another significant upside recovery phase. Gold has rallied sharply from recent### lows although this is considered a corrective upswing within a larger developing decline. Similarly, silver remains in a corrective recovery phase with upside targets towards 81.23+/- and potentially 82.70+/- before the larger decline resumes...Read full summary in our latest report!

