Market Update

by Avi Gilburt

Avi Gilburt

This page features Avi Gilburt's nightly analysis of the S&P 500. Articles are made available on this public page 72 hours after posted live for subscribers to Avi's Flagship and Nightly services. For Avi's complete coverage, which includes analysis of the S&P 500, Metals (GDX, GLD, YI), Oil (USO), and US Dollar, plus a wide range of market coverage by our analyst team and a live member discussion forum, please login.

Metals Got A Rest – But, No Downside Yet

This article will be available to the public in about 2 days. To read it now, sign up for a free trial. Current members, simply log in.
by Avi Gilburt - 4 hours ago

Sloppy Action But Market Still Holding Over Support

This article will be available to the public in about 2 days. To read it now, sign up for a free trial. Current members, simply log in.
by Mike Golembesky - 5 hours ago

Still Set Up For Upside

This article will be available to the public in about 1 day. To read it now, sign up for a free trial. Current members, simply log in.
by Avi Gilburt - 1 day ago

Path Of Least Resistance Seems Up

This article will be available to the public in about 17 hours. To read it now, sign up for a free trial. Current members, simply log in.
by Avi Gilburt - 2 days ago

Slowly Leaking Lower - Market Analysis for Aug 6th, 2026

With the market seemingly topping in wave iii of (iii) of wave i in the yellow count, we have spent yesterday and today slowly leaking lower to the support box below. I want to note now that we do not have to actually strike the support box before wave iv is complete. The main point is that as long as we pullback correctively and hold over that support box, then the next expectation is for a wave v of (iii) rally once this completes.I want to also note that if the market should choose the more bearish path, then we would see a 5-wave decline which would project to at least the bottom of the ES support box.
by Avi Gilburt - 6 days ago

Market Consolidates Over Support

After moving sharply higher over the past several days, we saw the market pull back today. We are still sitting over key support, and as long as that support holds, the pressure will remain to the upside per the yellow count. Should that support zone break on five waves, then it would open the door to a top per the white count. For now, however, the market pressure remains up.After a strong two-day rally into the lower end of the wave iii of (iii) target zone, we saw the market pull back into the upper end of support today at the 7743-7662 zone.
by Mike Golembesky - 1 week ago

Getting More Interesting - Market Analysis for Aug 5th, 2026

With the move today, the metals market is certainly getting more interesting.GDX has now moved beyond its 1.00 extension off the lows, which MAY suggest this is a 3rd wave in a leading diagonal. Yes, I know I am not a fan of leading diagonals. But, if we do complete one here, I would strongly consider it as the first wave in the next major move higher. But, I will need to see a CLEAR corrective pullback thereafter before I am willing to add the remaining amount of cash I am holding.At this time, I would like to see a corrective pullback in wave (iv), followed by a higher high in wave (v), which should ideally target the 87 region.
by Avi Gilburt - 1 week ago

Bulls Are Seemingly Back In Control

After the market moved through the 7654SPX level, it was a strong sign that the bulls have taken back control. And, despite all the misgivings I have had with the yellow count, it seems I am forced to adopt a VERY shallow 2nd wave retracement once again.Currently, the bulls have control as long as they hold over the micro pivot I have outlined on the 5-minute SPX chart – which is now the wave iv of (iii) support, which coincides with the wave iv of (iii) support box I have noted on the 15-minute ES chart.
by Avi Gilburt - 1 week ago

Explaining The Analysis - Market Analysis for Aug 3rd, 2026

Some of you are questioning why the 7580SPX level was so important to my analysis, and why a break of that region – even by a point – was so key in my work.Well, first, one of the structures we were tracking was a i-ii downside set up. However, that set up fully invalidates when the market moves even one penny beyond the start of wave i. You see, that is one of the few rules that are set in stone in Elliott Wave analysis. A 2nd wave can never retrace more than the start of wave i, at which time, the structure invalidates.
by Avi Gilburt - 1 week ago

Morning Update - Market Analysis for Aug 3rd, 2026

As we just broke the 7580SPX resistance region, we have no bearish set ups in place any more.  But, I still want to address how I am now approaching this region.First, the misgivings that I have with the yellow count do not go away.  But, needless to say, taking out 7580SPX has caused the probability for the bullish potential to increase.  Yet, I still have many questions about its potential due to the issues I have outlined in the past few weeks.
by Avi Gilburt - 1 week ago
Down Arrow

Free 15-Day Trial

• S&P 500 Wave Analysis
• Gold, Silver, Oil & US Dollar Reports
• Stocks, Options, Cryptocurrencies & more
• Live Coaching & Webinars
CREATE A NEW ACCOUNT
No Credit Card Required
Previous or current members login here.
1 Free Trial per Person
By signing up you agree to our terms and privacy policy. You will receive access to our Trading Room, plus account-related emails and our weekend e-newsletter containing news, updates & promotions from ElliottWaveTrader. You can withdraw your consent at anytime.

OUR MEMBERS SAY ...

I live Finance. 80hrs a week corp finance. I trade as a hobby and in my opinion this is the best site in the world for someone to learn about markets... i rue the day when it is no more or its core is changed. there is NO BETTER SITE IN THE WORLD to get the off-cuff input/feedback/knowledge across ALL MARKETS like this site... Thank you to the analysts here who grind out thousands of charts each week.
"GibsonDog" - Trading Room
My faith in God and my faith in Avi and his team. God lead me to this service over 10 years ago. For a decade I have heard Avi point his bat at this very moment in time calling this S&P level. Though the years I have witnessed him point his bat months, even years before metals hit their highs and lows with almost perfect big picture accuracy. Against every other analysts opinion. I have seen him bullied relentlessly on his public articles on SA and stick to his guns and proven so correct with no one ever apologizing or admitting he called it.
"sdmavrick" - Seeking Alpha
My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
"AAMilne" - Trading Room
I’ve subscribed for 5 years now and I have to say I see that you’ve been right on this the whole time. Who would’ve thought gold and silver would’ve rallied with rates this high for this long and the markets continued higher as well. Always thought your charts were good but always thought in the back of my mind that rate cuts and other news actually led. So now that I’ve admitted defeat u are free to gloat. Well deserved
"Lil_G" - Seeking Alpha
I worked on trading desks at top investment banks for 10 years, then traded on my own for another 8. I've seen 100s of research from the best analysts in the business. Avi and EWT is the only one I'm willing to pay for right now.
"tzeyi" - Seeking Alpha
“I was 100% in equities and been killing it for 2 years, but I heeded your warning and took everything off the table. I've been cautiously trading your recommendations and now when everyone I know is getting wrecked, I'm still profiting. Thank you so much for what you do, my family and future are safe because of it.”
"DoctorBeat" - Trading Room
This service has not only made me money in trades but equally important it got me out of the market before the meltdown.
"BigDaddyTuna" - Trading Room
"Your service and insight is phenomenal, and has definitely changed my outlook on the market. I’ve been actively working on recruiting new members to your service. It’ll save their financial life."
"Bidking82" - Trading Room
"Today, I achieved my highest weekly profit ever ....I see this as a testament to the power of the guidance available here. I ignored all narratives and traded the charts with discipline. I set clear parameters for each trade, immediately placing OCO (One Cancels the Other) orders with both stops and limits. I made some adjustments as the charts evolved, but kept the orders in place, and allowed the process to unfold. Sincere thanks to all the analysts and members who help make this such an incredible community—especially Avi, Zac, Mike, Levi, and Garrett. I'm incredibly grateful!"
"Dre-" - Trading Room
CNBC had a stat this morning that over the last 20 years 86% of money managers/hedge funds have underperformed the market. They couldn't figure out why that’s the case given how 'smart' these people are. . . . I know my performance since joining the site has skyrocketed!
"HenryH" - Trading Room

  Matched “”
x