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.

I Have To Remain Objective

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by Avi Gilburt - 22 hours ago

Potential Break of Triangle

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by Avi Gilburt - 1 day ago

Sure Looks Like A Triangle

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by Avi Gilburt - 1 day ago

Off To "E" Or Yet Another "ED"

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by Mike Golembesky - 1 day ago

Will The Fed Be Our Catalyst Tomorrow?

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by Avi Gilburt - 2 days ago

A Lesson In Triangles

One of the lessons I have learned through the years is that a triangle is not truly a triangle until it actually completes. There are a number of ways one can count a corrective structure, and a triangle is just one way. So, while this is looking like we are trying to form a triangle at this time, it can always invalidate and morph into something else. In fact, I have outlined over the weekend how this can still take us lower in a more direct fashion.
by Avi Gilburt - 3 days ago

Market At Next Inflection Point After Finally Breaking Down

After taking the long road and making us wait for the expected break lower, the market is now sitting at the next key pivot/inflection point to the downside. If we can break through this region, it would provide further confirmation that we are indeed following the primary white count lower as part of the larger wave 3 of (c) down.With that said, until we see a break of this next pivot level, I still cannot fully rule out the yellow count. I will note, however, that today's breakdown has made that path even less probable than it has been over the past several weeks.
by Mike Golembesky - 1 week ago

Is A Lower Low Out Of The Question Now?

Well, to answer the question in the title, I would say “no,” but the action we are seeing in GDX has made it more likely since we have broken through 77.So, let’s start with GDX. In order for us to see a lower low, I had to come up with a VERY creative count. And, when I say a “very creative count,” it means it is not something I would be trading aggressively. Rather, it simply means that if we are blessed with a lower low you would simply add more positions to the long-side.
by Avi Gilburt - 1 week ago

Market Still Keeping Us Waiting

The market is trading flat on the day after moving down at the open and then back up in the afternoon. We are still trading under resistance, and the action up off of the low still remains corrective in nature. This action keeps the parameters I laid out yesterday unchanged, and as long as we continue to remain under resistnace my base case is still that we will see this resolve lower before breaking out to new highs.
by Mike Golembesky - 1 week ago

Market Taking the Long Road Down?

Today, the market turned higher after testing last week's lows at yesterday's close, following the purple path that I laid out in yesterday's update. We are currently still trading under the resistance zone for that path on what remains corrective wave action off last week's low. So, as long as we continue to hold under that resistance zone, my base case will remain that we see this resolve lower to fill out a larger ABC pattern off the highs.If the market is able to break through resistance and move back over last week's high, it would open the door for a more immediately bullish resolution.
by Mike Golembesky - 1 week ago
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