ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
11th July 2026 - U.S. stock indices were able to overcome Monday/Wednesday’s slide lower with gains into tonight’s (Friday’s) closing levels. Some of the anxieties over increased hostilities in the Middle East### were somewhat discounted as attention shifted to the U.S. Nasdaq listed IPO of microchip manufacturer SK Hynix which launched today – priced at $149 dollars, initial buying has already lifted prices up to $170. But this isn’t expected... Read full summary in our latest report!

Currencies (FX)
11th July 2026 - The US$ dollar index pulled a little lower earlier today but held nearby support traded the previous week, then pushing higher into tonight’s session. That’s preserved the preceding zig zag ###corrective downswing that traded from the June 24th high of 101.80 to 100.56 tilting the short-term probability of another advance for the US$ dollar next week – this represents the final advance before completing May’s zig zag advance as minute wave 3. A similar short-term picture has developed for the Euro/US$ and Stlg/US$, both expected to decline next week to finalise wave 3 declines over the next few weeks. The Yen traded higher today on news ...Read full summary in our latest report!

Bonds (Interest Rates)
11th July 2026 - It’s crunch time next week for the US10yr yield. May’s high at 4.685 completed primary wave B’s triangle pattern that took 2½ years to complete – validating its completion and the beginning of### intermediate wave (1)’s impulse decline of primary wave C, we’ve since seen the yield decline during May in five waves as ... Read full summary in our latest report!

Commodities
11th July 2026 - Next week is expected to see some US$ dollar strength return although in a finalisation of its 3rd wave advance that began from May’s low. Gold is maintaining its negative-correlation so we’d expect### gold to decline too, although a lower-low would simply be part of an upward expanding flat correction for its corresponding 4th wave. Silver is more in pattern-sync with the US$ dollar although... Read full summary in our latest report!

