Market Update

by 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's Direct Push Lower Opens the Door to a Bottom Forming

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 Mike Golembesky - 1 day ago

Market Is Setting Up For Lower Levels

This article will be available to the public in about 21 hours. To read it now, sign up for a free trial. Current members, simply log in.

by Mike Golembesky - 2 days ago

Quick Morning Update - Market Analysis for Oct 22nd, 2026

This article will be available to the public in about 16 hours. To read it now, sign up for a free trial. Current members, simply log in.

by Avi Gilburt - 2 days ago

Nothing Strongly Bullish YET

This article will be available to the public in about 6 hours. To read it now, sign up for a free trial. Current members, simply log in.

by Avi Gilburt - 2 days ago

Market Fails to Give Us Convincing Evidence That It's Ready to Break Higher

Today, we saw the market rally higher, keeping the path alive to see another higher high. However, we have since retraced back lower at a fairly key level, which is giving us further evidence that we are indeed working on the yellow wave b and will see lower levels before breaking out to new highs. On the smaller-degree timeframes, this would look better with a very small push over today's HOD to finish off the wave v of (c) of b in Ending Diagonal form, but the rejection right at the 61.8 retrace certainly is a warning sign that this may be topping sooner rather than later.

by Mike Golembesky - 3 days ago

Market Is Not Making This Easy

While the market did drop to the support box I outlined as my preference in yesterday’s update, and we did rally off that as a 3rd wave normally would, we stopped short of the minimum target for a wave iii of 3, which has added some complexity to the region within which we now find ourselves.So, I was debating whether I should wait until the end of the day to do the update. But, I decided I am going to lay out the paths before the end of the day, and that is what the rest of this update presents.Let’s start with the yellow count.

by Avi Gilburt - 4 days ago

Probabilities For Higher Highs Have Increased

If you read my analysis over the weekend, you would know that I was watching the rally off Friday’s low very carefully to see if we get any clues that the market may still try to reach higher highs, as per the blue alternative count.Most specifically, we were seeking a reasonable 5-wave structure off the low. And, the futures seem to have provided us with that structure in the after hours market into the overnight session on Sunday night. I have included that wave count on the 3-minute ES chart attached. Thereafter, we seem to be tracing out a corrective wave 2, which you can also see on the 3-minute ES chart.

by Avi Gilburt - 5 days ago

Market Testing the Lower End of Support

With today's sharp drop, the risk of the market having already put in a top in the larger diagonal off of the June 9th low has certainly increased. We are currently testing the lower end of the key support zone for the potential wave b, as I am showing in white on the SPX chart. However, if we continue to push lower over the weekend and early next week, then we will have confirmation that we have indeed topped in all of the diagonal off of the June lows.For now, I will be keeping a very close eye on the 7585 level below, which represents the 76.4% retracement level from the move up off of the September 16th low.

by Mike Golembesky - 1 week ago

Quick Morning Update - Market Analysis for Oct 16th, 2026

Due to the size of this rally and the fact that it seems we only had 3 waves into the last low, I am going to modify the blue count to be a 4th wave with an expanded b-wave low. That means this can still push a bit higher and still be wave (iv). But, take note that if all we see is a corrective pullback from up here, and then break out through the 89.72 level, this opens the door in a big way to the correction having completed. So, as long as we remain below 89.72, I am looking down for another decline. If we get the i-ii and then break out over 89.

by Avi Gilburt - 1 week ago

Quick Update - Market Analysis for Oct 15th, 2026

I posted this in the room earlier, and wanted to put it out to everyone, since there is still some risk of which you should be aware:"I want to show you the one thing that is making me hold my hedges for now. Until we get back over 89.72 and without a CLEAR 5 wave decline completion, there is potential for a (i)(ii) downside structure for the yellow count. So, there is still some risk here you need to be aware of. Getting back over 89.

by Avi Gilburt - 1 week ago

Free 15-Day Trial

• S&P 500 Wave Analysis
• Gold, Silver, Oil & US Dollar Reports
• Stocks, Options, Cryptocurrencies & more
• Live Coaching & Webinars

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