ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
4th July 2026 - U.S. stock indices sold-off Thursday following a weaker-than-expected monthly non-farm-payroll figure of only 57,000 when consensus expectations were 114.000 – that pulled the benchmark S&P 500 ###and Nasdaq 100 lower although intra-hourly declines only unfolded into three waves from this week’s earlier highs, suggesting another... Read full summary in our latest report!

Currencies (FX)
4th July 2026 - The US$ dollar index pulled lower from the late-June high into Thursday’s low following the weaker non-farm-payroll data although this downswing now appears to have completed a short-term ###correction ahead of one final push higher in an attempt to complete May’s 3rd wave advance – a similar picture although inversely so for the other major currencies. Read full summary in our latest report!

Bonds (Interest Rates)
4th July 2026 - The benchmark U.S. 10yr yield edged a little lower on the non-farm-payroll data but this didn’t interrupt its upside progress from last Monday’s low of 4.359 which is on track to finish a short-###term expanding flat correction as minor wave ii. two towards 4.604+/-. The DE10yr yield held support at 2.830 that is designated as ending minor wave ii. two’s downward correction during Thursday’s...Read full summary in our latest report!

Commodities
4th July 2026 - In precious metals, gold has extended this week’s gains which means it confirms the downside completion of its 3rd wave within the declining diagonal pattern at 3944.81 although a 4th wave is now ###expected to develop into an [a]-[b]-[c] expanding flat correction, allowing wave [b] to decline into a marginal lower-low... Read full summary in our latest report!

