ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
20th June 2026 - Activity a little thin today as half of Asia was taking a trading-day holiday whilst U.S. markets are closed for the Juneteenth holiday. Major indices are little changed although looking across all### three geographical regions, U.S., Europe and Asia, there are signs of imminent peaks and reversal-declines coming through next week. The benchmark S&P 500 and Nasdaq 100 indices have already peaked earlier this month, since declining in five wave impulse patterns to begin larger corrective declines although interspersed with a deep rally which ran through to secondary highs this... Read full summary in our latest report!
Currencies (FX)
20th June 2026 - The US$ dollar index has reached the upside target of 100.75+/-, extending a little higher to today’s high of 101.12 although confirming the upside completion of an [a]-[b]-[c] zig zag pattern,### abbreviated as wave [w] within minute wave 3’s developing double zig zag that began from May’s low of 97.62. This zig zag high has coincided with comparable mid-pattern levels within wave 3 in the Euro/US$ and Stlg/US$. A corrective downswing is expected to pull the US$ dollar lower over the next couple of weeks, pushing the Euro/US$ higher as wave [x] towards targets of ... Read full summary in our latest report!
Bonds (Interest Rates)
20th June 2026 - We’re still tracking two wave counts for the US10yr yield. In recent updates, we’ve shown how count #1a allows another advance that continues March’s five wave impulse as intermediate wave (C) from### 3.924 targeting 5.131+/- ahead of completing primary wave B within cycle wave B’s developing expanding flat pattern. In today’s report, we update count #1 which otherwise shows primary waves A and B of a zig zag within cycle wave B instead. The difference between the two is huge because count #1 allows a more immediate decline to resume primary wave C, resulting in... Read full summary in our latest report!
Commodities
20th June 2026 - Gold’s overnight decline to 4121.85 has completed a short-term zig zag from Wednesday’s high of 4382.10 labelled sub-minuette wave (b) within minuette wave [b]’s advancing (a)-(b)-(c) zig zag that### began from 4024.10 - wave (c) is now expected to push higher over the next week – meanwhile, silver has similarly declined from this week’s high of 71.55 into a corrective zig zag finishing today at 63.29 – wave (c) heading higher next week towards min. 73.64+/-. Crude/Brent oil prices recovered a little higher following a brutal sell-off over the last week ... Read full summary in our latest report!
