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.

Market Testing Previous High

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by Mike Golembesky - 14 hours ago

Another Bounce Before Final Lows?

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by Avi Gilburt - 1 day ago

The Pattern Is Suggestive That There Is Still Some Unfinished Business to the Downside

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by Mike Golembesky - 1 day ago

Everyone Hates Diagonals - Market Analysis for Jul 7th, 2026

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by Mike Golembesky - 2 days ago

Market Closing In on Upper Resistance

Today the market continued its grind higher on what remains sloppy action as we approach the upper end of the resistance zone, still keeping the potential wave 2 alive. If we continue to push higher and break resistance, it will make it more likely that we are following the yellow count over the 7646 level before seeing even a local top.Overall, there really is not much change to the counts as they have been laid out over the past several days. With today's push back over last week's high, we have invalidated the potential 1-2 i-ii setup to the downside and are now closing in on the larger upper resistance zone at the 7614 level for the larger wave 2.
by Mike Golembesky - 3 days ago

Market Tests Resistance and Holds For Now

Today we saw the market open lower only to push higher in the afternoon session, testing the 76.4% retrace level of the move down off of the 6/15 high. So far that level has held almost to the penny and turned down, but we still do not have any indication that we have put in any sort of top just yet. This leaves us pretty much where we were yesterday, and if this is going to push higher per the yellow count, we will need to see a break over resistance. If we are going to move lower, we will need to see a break of support below.Currently, the 76.4% retrace level comes in at the 7579 level just overhead.
by Mike Golembesky - 1 week ago

Not Much To Add To Metals Analysis

With the market simply meandering back and forth near the lows there really is not much more for me to add.  My primary view I still expecting lower lows.Should something occur in the coming days before I need to do the weekend update I will do another mid-week update since there is nothing for me to really add at this time.
by Avi Gilburt - 1 week ago

Likely Downside Still To Come – But, Which Path?

With the market pushing a bit higher today, I have taken off the 1-2, i-ii structure, and instead, have moved to a 1-2 structure in an ending diagonal for the (c) wave, with us still working on the wave 2.The alternative is still the yellow count, for which I have added a resistance box at the .764-1.00 extensions, wherein the c-wave in the yellow (b) would be equal to .765-1.00 the size of the (a) wave.What these two facts suggest is that the next 150 points overhead (as the alternative (b) has the 1.00 extension in the 7650SPX region) represents a lot of risk.
by Avi Gilburt - 1 week ago

An Exercise In Patience

With the manner in which the market has been moving back and forth in a corrective structure this last week or so has certainly provided us with an exercise in patience, especially since it has not yet tipped its hand as to how this correction will complete.And, if you noticed, I am speaking of it as a “correction” for now because there is no indication that a major top has yet been struck.  We have no clear sign YET that a major ending diagonal structure has completed, so I have to start leaning a bit more towards the blue count at this time.But, even so, I still have no completed corrective structure for even a blue wave 2.
by Avi Gilburt - 1 week ago

It's Déjà Vu All Over Again

Today the market moved higher overnight, only to drop sharply in the early morning session. Since then, we have been range-bound between the overnight high and the morning low. While the action was certainly volatile this morning, the overall count has actually not changed at all, and today's action has put us right back where we were at yesterday's close. I am still viewing the same three counts that I laid out yesterday as viable, and until we see a break of the support or resistance levels discussed yesterday, they will all remain in play.WHITE COUNTI am still watching this count; however, with today's action, I am viewing it as slightly less probable than the red count.
by Mike Golembesky - 2 weeks ago
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