ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
7th March 2026 - The S&P 500 and Nasdaq 100 are clinging onto nearby support just below today’s lows. There’s a good chance they hold and swing back higher next week – this is not so obvious looking at the short-###term patterns of these two indices, but from comparing with Europe’s indices – the Eurostoxx 50 declined from Thursday’s high into Friday’s low as a zig zag following a corrective rally from Tuesday’s low – this suggests an expanding flat upswing in progress, translating into c-wave upside rallies next week ahead of next declines. Australia’s ASX-200 has just finished five waves down from the late-February high so again, some upside rallies expected... Read full summary in our latest report!
Currencies (FX)
7th March 2026 - The Middle East conflict has brought some life into the FX markets with US$ dollar gains labelled as part of minor wave c.’s developing five wave impulse pattern towards ultimate targets of ###102.95+/-. But it’s slow going, despite the dollar’s safe-haven status. Only three waves up so far, from the late-January low of 95.55 – this is labelled as a fractal 1-2-1 subdivision with another 2nd wave pullback beginning from this week’s high of 99.68. Once completed, a 3rd-of-3rd wave advance is expected to get underway, pushing the dollar sharply higher. It’s a similar although inverted story for the other currencies. The Euro/US$’s…Read full summary in our latest report!
Bonds (Interest Rates)
7th March 2026 - Inflationary anxieties, a result of rising oil and gas prices have sent ten-year treasury and bund yields significantly higher this week. Wednesday’s report highlighted a zig zag upswing### labelled minuette wave [b] unfolding higher from the previous week’s low of 3.924 with upside targets for completion towards 4.189+/-. Today’s push higher traded to 4.185 with an immediate decline following the latest monthly U.S. non-farm-payroll data that saw a collapse of jobs, -92,000 when a 60,000 increase was expected. That has obvious economic slowdown implications going...Read full summary in our latest report!
Commodities
7th March 2026 - Gold is on its way down from last Monday’s high of 5418.91 as minor wave c. within intermediate wave (4)’s a-b-c zig zag pattern that began from January’s 5596.40 high – ultimate targets unchanged### towards 4018.00+/- derived by extending minor wave a. by fib. 38.2% ratio. Shorter-term rallies remain possible next week, towards max. 5267.00+/- ahead of next declines. Silver is on its way down from last Monday’s high of 96.41 as minor wave c. within intermediate wave (4)’s a-b-c zig zag pattern that began from January’s 121.66 high – ultimate targets unchanged towards min. 59.63+/- max. 58.21+/- derived by extending minor wave a. by fib. 38.2% ratio. Like gold, shorter-term rallies possible early next week towards 89.65+/- ahead of far...Read full summary in our latest report!
