ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
28th May 2026 - A semiconductor frenzy in China got another push after tech company Huawei Technologies said it would make industry-leading semiconductors using a new technology in five years - the news underscores Beijing's efforts to ###neutralise U.S. sanctions that have made it hard for China to build cutting-edge chips. Meanwhile, Micron Technology (MU) is up 27% since last Friday’s close - shares popped after UBS nearly tripled its price target on the stock from $535 to $1625 a share, citing long-term agreement opportunities with partially fixed pricing. Elliott Wave analysis shows this to be too ambitious with significant resistance at 1062.14+/- max. 1073.22+/- (see today’s analysis)... Read full summary in our latest report!

Currencies (FX)
28th May 2026 - The US$ dollar index continues higher from May’s low of 97.62 as minute wave 3 within minor wave c.’s developing five wave ending/contracting-diagonal that itself began dollar strength from January’s low of 95.55. ###Whilst the dollar has pushed nicely higher this month, it could yet be prone to a short-term downward correction – this is possible because US$/CAD is approaching its five wave completion from 1.3549 into targets of 1.3860+/- as wave [a] with wave [b] correction about to begin... Read full summary in our latest report!

Bonds (Interest Rates)
28th May 2026 - US10yr yields remain in a transitory position having completed count #1’s upside target as intermediate wave (2)’s correction into last week’s high of 4.685 with today’s trading down to 4.446. But count #2’s alternate scenario shown### in last week’s report could gain favour should the current decline from 4.685 fail to unfold into a five wave impulse pattern. Germany’s DE10yr yield has a more distinct Elliott Wave pattern than the treasury yield – it’s advance from... Read full summary in our latest report!

Commodities
28th May 2026 - The US$ dollar index’s advance from January’s low is negatively-correlated to gold and silver’s corrective declines beginning from last January’s highs as intermediate wave (4). The dollar is expected higher over the next couple### of months, which corroborates the current downside continuation of intermediate wave (4) – furthermore, the gold/silver ratio is confirming primary wave C’s next impulse advance began earlier this month with targets towards 87.65+/-. Gold’s current downside target as wave (4) is towards 3797.00+/- and silver ... Read full summary in our latest report!

