ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
15th October 2026 - The divergence between U.S. technology stocks and the broader global equity complex is finally beginning to resolve, with the S&P 500 and Nasdaq 100 reversing sharply lower following today's### U.S. CPI inflation report. Rising energy prices and inflationary pressures have undermined confidence, triggering five wave reversal-signatures that suggest corrective rallies have completed. The Dow Jones and Russell 2000 have already begun their next corrective declines, whilst European and Australian indices remain broadly aligned with the bearish outlook. Semiconductor stocks are... Read full summary in our latest report!

Currencies (FX)
15th October 2026 - The US$ dollar Index has reached its long-standing upside target following today's inflation data, raising the possibility that its intermediate wave (2) correction is approaching completion.### However, the Elliott Wave structure remains ambiguous, with additional dollar strength still possible. Euro/US$ has similarly approached its downside target, although confirmation of a completed correction remains outstanding. Stlg/US$ continues... Read full summary in our latest report!

Bonds (Interest Rates)
15th October 2026 - The latest U.S. inflation data initially pushed treasury yields sharply higher, with the US10yr briefly reaching its longstanding upside objective before reversing lower. Although### this satisfies earlier Fibonacci-price-ratio targets, the underlying Elliott Wave pattern remains incomplete, suggesting the current decline is corrective rather than the beginning of a sustained reversal. Further upside towards ... Read full summary in our latest report!

Commodities
15th October 2026 - Precious metals have continued lower as the US$ dollar and Treasury yields strengthened following today's inflation report, although both gold and silver are approaching important short-term### turning points. A corrective recovery is expected as the dollar and yields pull lower, but the larger Elliott Wave outlook continues to favour renewed declines towards their ultimate downside targets. Crude oil has undergone an important structural revision, with its advance from July...Read full summary in our latest report!

