ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
28th February 2026 - Markets were jittery this week as anxiety about the potential impact of the artificial intelligence revolution left investors nervous about their asset allocations and their future job### prospects. This week’s wave of worry was initially set off by a 7,000-word analytical piece published by research firm Citrini entitled ‘The 2028 Global Intelligence Crisis’ - it heralded a futuristic picture that made for pretty grim reading, imagining the loss of millions of office jobs that destroys consumer demand, plunging global economies into a deflationary tailspin. This analysis piece and accompanying posts only sketch out scenarios – they’re not forecasts or predictions. Over the past 40-years practicing Elliott Wave, we’ve noted the… Read full summary in our latest report!
Currencies (FX)
28th February 2026 - The US$ dollar has remained range-bound and static with low activity throughout this week’s trading with levels poised and finely balanced between either breaking higher or falling back### inside the recent trading-range. It’s a fairly binary outcome, similar to the situation in Crude oil where the dollar also awaits the outcome of U.S./Iran negotiations – U.S. president Trump has said ‘I’m not happy that they’re not willing to give us what we have to have’, adding ‘we’re not thrilled with the way they’re negotiating - they cannot have nuclear weapons’. Elliott Wave analysis could go either…Read full summary in our latest report!
Bonds (Interest Rates)
28th February 2026 - The U.S. Bureau of Labor Statistics reported wholesale prices rising at a faster-than-expected pace in January, countering hopes that inflation was easing - the core producer price index### which excludes volatile food and energy prices increased a seasonally adjusted 0.8%, more than the 0.6% gain in December and well ahead of consensus estimates for 0.3%. This didn’t thwart the current downtrend in the US10yr yield though…Read full summary in our latest report!
Commodities
28th February 2026 - Gold is continuing higher from the early-February low of 4403.35 as a developing double zig zag pattern labelled minor wave b. with upside targets towards 5380.00+/-. Prices extended higher, late-session tonight towards 5278.72. There’s still a short-term possibility of a ###temporary corrective pullback ahead of that test towards 5380.00+/-. Silver is continuing higher from the early-February low of 71.37 as a developing expanding flat pattern labelled minor wave b. – minute wave c’s five wave advance from 64.09 is approaching its 3rd wave high tonight at 94.60+/-. Crude oil’s next movement seems…Read full summary in our latest report!
