ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
16th April 2026 - The S&P 500 and Nasdaq 100 indices have just broken above their January’s highs in late-session trading tonight, which confirms the early-April lows as ending downward corrections that began from### earlier October highs. The pace of this advance is impressive although not entirely replicated in the Dow Jones which has lagged behind. Europe’s major indices have struggled to keep pace whilst U.S. regional banks that remain in focus because of their exposure to private-credit loans are still trading below their February highs following ...Read full summary in our latest report!

Currencies (FX)
16th April 2026 - G7 currencies have undergone corrections from their March 13th highs/lows which are now testing limits for completion basis today’s levels. Some have unfolded into zig zags, others### expanding flat patterns – some have tested overlap levels, others slightly breaking beyond. Overall, when comparing across these currencies, our assessment is that these corrections are finishing now and are set to resume US$ dollar strength, currency weakness. The US$ dollar index’s correction has pulled lower from March’s high ... Read full summary in our latest report!

Bonds (Interest Rates)
16th April 2026 - Tuesday’s U.S. PPI data popped to an annualised reading of 4.0% which has stoked market expectations of higher inflation – that said, the US10yr yield has pulled lower from the late-March high of ###4.482 as a corrective zig zag finishing last week at 4.229 as a 4th wave within the developing five wave impulse upswing developing from the early-March low of 3.924 as minor wave c. of (2). A 5th wave is still missing to the upside. Money market traders expect the European Central Bank to lean hawkish, keeping rates higher...Read full summary in our latest report!

Commodities
16th April 2026 - Gold’s positive-correlation with U.S. stock markets has weakened slightly as stocks accelerate back to January’s highs whilst underperforming gold remains well below its corresponding high of ####5596.40. This is actually good news because gold hasn’t yet finished January’s a-b-c, 5-3-5 zig zag correction – minor wave c.’s ... Read full summary in our latest report!

