ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
23rd September 2026 - A powerful technology-led advance has pushed the S&P 500 and Nasdaq 100 into new highs, driven by renewed enthusiasm for AI-related stocks and helped by lower oil prices. But critically, this ###strength is not being confirmed across the broader equity complex. The Dow Jones, Russell 2000, European indices and several Asian/Australian markets have failed to participate... Read full summary in our latest report!

Currencies (FX)
23rd September 2026 - The US$ dollar has extended its post-Federal Reserve advance, completing an important 3rd wave subdivision before beginning a short-term corrective pullback. This correction can ###continue over the coming sessions, allowing corresponding recoveries across several major currencies, but the larger dollar advance remains incomplete. Once the correction finishes, the US$ dollar is expected to resume higher as the concluding stages of its five wave impulse development, part of minute... Read full summary in our latest report!

Bonds (Interest Rates)
23rd September 2026 - The US10yr yield initially pulled lower following Wednesday’s Federal Reserve rate hike, but that decline has now completed a short-term 4th wave correction with yields subsequently### resuming higher. This keeps the larger five wave impulse uptrend firmly intact, with another push above 5.00% already underway and further upside expected next week. The broader pattern remains... Read full summary in our latest report!

Commodities
23rd September 2026 - Precious metals have rebounded as the US$ dollar undergoes its post-Fed correction, but these advances remain corrective within larger developing declines. Silver’s recovery has formed a### particularly well-defined expanding flat pattern which, if complete, puts it on the verge of a potentially powerful 3rd-of-3rd wave decline. Gold’s shorter-term pattern remains less certain, although upside is considered limited with the larger downtrend expected to resume. Crude oil remains the important counterpoint. Its current correction is approaching completion ahead of another expected impulse advance, whilst renewed supply ...Read full summary in our latest report!

