ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
17th October 2026 - The technology-led sell-off has accelerated over the last couple of sessions, with the S&P 500 and Nasdaq 100 confirming the developing impulse declines anticipated in Wednesday's report. Attempts### to recover have proved short-lived, whilst weakness across semiconductor stocks, including Taiwan Semiconductor, reinforces the bearish outlook. The Dow Jones has demonstrated relative resilience as fund managers rotate towards defensive sectors, although its larger corrective decline remains incomplete. European indices are similarly attracting selective buying... Read full summary in our latest report!
Currencies (FX)
17th October 2026 - The US$ dollar index has reversed lower after reaching its long-standing upside target, providing the first important confirmation that intermediate wave (2)'s corrective advance may have ###completed. Euro/US$ has similarly reversed higher from its corresponding downside target, whilst US$/CAD has begun declining after completing its own corrective advance. However, several currencies remain out of sync. Stlg/US$ has yet to complete its larger corrective decline, suggesting another downswing may be necessary before a sustained recovery begins. Aussie$/US$ is similarly expected to undergo one final decline towards its outstanding downside... Read full summary in our latest report!
Bonds (Interest Rates)
17th October 2026 - U.S. Treasury yields have retreated sharply from last week's highs as Federal Reserve officials signalled a more cautious approach towards further monetary tightening. The US10yr yield has### completed a corrective three wave decline, potentially finishing its latest 4th wave correction. Providing recent support holds, the larger Elliott Wave structure continues to favour another advance in yields as the final stages of the developing impulse unfold. German ...Read full summary in our latest report!
Commodities
17th October 2026 - Gold and silver are attempting short-term corrective recoveries following their recent declines, supported by the US$ dollar's reversal from longstanding upside targets. However, neither ###precious metal has completed its larger Elliott Wave correction, with another final decline still required before a more sustainable advance can begin. This creates a temporary divergence between the dollar's potentially completed correction and the unfinished downside patterns in precious metals. Crude oil remains in a corrective decline, with today's... Read full summary in our latest report!
