ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
1st April 2026 - U.S. indices traded to a marginal lower-lows today, slightly below last Friday’s lows, a carry-over of bearish sentiment from last week’s broader sell-off. Technically, oversold and notably, ###Europe’s indices comparatively held above the previous week’s lows, triggering bullish divergence. As today’s session wore on, so upside momentum accelerated with the benchmark S&P 500 and Nasdaq 100 indices pushing strongly higher. Just how high these indices can go will depend on completing 4th waves within declining diagonal patterns, or simply 4th waves within ...Read full summary in our latest report!

Currencies (FX)
1st April 2026 - The US$ dollar index is negatively-correlated to stock indices and gold, positively-corelated to interest ###rates and Crude oil. As we’ve already seen so far this week, stock indices have begun to push higher in unison with gold – interest rates are pulling lower along with Crude oil. This may only...Read full summary in our latest report!

Bonds (Interest Rates)
1st April 2026 - U.S. Treasury yields edged lower today as investors reassessed the outlook for Federal Reserve interest rates whilst continuing to monitor developments in the Middle East. Chair Jerome Powell said### Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. Meanwhile, U.S. Secretary of State Marco Rubio told the media yesterday that Washington’s objectives in Iran would take... Read full summary in our latest report!

Commodities
1st April 2026 - Gold’s positive-correlation with U.S. stock indices remains constant even though indices bottomed earlier today as 3rd waves whereas gold bottomed as minute wave 3 the previous week at 4099.61. Overall### though, these two remain in sync with indices pushing strongly higher through today’s session. Ideally this continues this week allowing gold’s 4th wave rally as minute wave 4 to reach targets towards 4754.05+/-. This next high may time the end... Read full summary in our latest report!

