ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
19th September 2026 - Wednesday’s 25bps Federal Reserve rate hike initially pushed U.S. stock indices sharply lower although, surprisingly, the sell-off failed to accelerate and has instead been followed by ###another corrective rally. This is prolonging the sequence of 2nd wave corrections that have dominated recent price action, but importantly, does not alter the larger bearish outlook. Several of these rallies now appear close to completion, whilst some European indices have already reversed lower. This ... Read full summary in our latest report!

Currencies (FX)
19th September 2026 - The US$ dollar is taking a breather following its sharp advance after Wednesday’s Federal Reserve rate hike, with several major currencies undergoing corresponding corrective recoveries.### These counter-trend moves are expected to remain relatively short-lived, completing around the beginning of next week before the dollar resumes higher. The underlying Elliott Wave pattern continues to depict an incomplete five wave impulse advance for the US$ dollar, whilst... Read full summary in our latest report!

Bonds (Interest Rates)
19th 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 incomplete and ultimately requires additional higher-highs before the advance from March is finished. European...FONT SIZE=-3 COLOR="gray">Read full summary in our latest report!

Commodities
19th 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... Read full summary in our latest report!

