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.

Will The Pullback Hold?

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by Avi Gilburt - 8 hours ago

Risk Is Now Rising Again

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by Avi Gilburt - 10 hours ago

Pullback Leading To Higher?

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by Avi Gilburt - 1 day ago

It's Decision Time - Market Analysis for Nov 10th, 2026

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by Avi Gilburt - 1 day ago

Quick Update - Market Analysis for Nov 9th, 2026

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by Avi Gilburt - 2 days ago

Narrowing Down The Paths

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by Avi Gilburt - 2 days ago

Market Is Not Providing Any Evidence of a Lasting Bottom In Place Just Yet

Today, we saw a very muted reaction off of the lows after yesterday's sharp drop lower. This reaction is certainly not a positive development for the green count, which needs to both hold the 7235 low and give us a five-wave move to the upside to remain operative. So, with the inability to provide us with that five-wave move, I have to move to the red count as my base case for the time being and adopt the green count as an alternate path.I noted in the main room that the futures charts are quite sloppy at the moment, given some of the overnight action, but the cash charts do appear to be tracing out a cleaner Fib Pinball pattern.

by Mike Golembesky - 5 days ago

Down, But Not Out . . YET

This has been quite the bull market. We have seen VERY shallow retracement over these last several years and the bulls have pushed these markets to extremes which I was not able to foresee back in 2020 when we began looking much higher at the Covid lows. At the time, my maximum expectation was around the 6000SPX region from the 2200SPX lows.Needless to say, all good things must come to an end. But, does that mean we are at that end now?While I was expecting some downside into today, as outlined in the update yesterday, I did not expect that this upside set up was going to break today.

by Avi Gilburt - 6 days ago

Quick Update - Market Analysis for Nov 5th, 2026

Unfortunately, the immediate bullish path in SPX broke down this morning with a break of this week's low. Yet, the ES still holds a potential (1)(2) start. That means this is not terribly reliable just yet.Moreover, based upon the current structure, I am going to put a reasonable floor to the market for a wave ii in green at the 7398SPX region. That would represent an (a)(b)(c) wherein (c)=(a) from the highs struck before this downtrend began. Below that, and the red count increases in probability. While many of you may not have the stomach for this, that is understandable.

by Avi Gilburt - 6 days ago

Lack Of Alignment Causes Analytical Issues

I am going to start this update, and probably several others in the future, with something I said yesterday that I think deserves repeating often. I think this is how we are forced to view the markets going forward:"In the bigger picture, there are still two main points you have to weigh. First, until the market breaks the 7237SPX level, we have no clear indications that a major top may have been struck already. And, second, this is a VERY mature bull market, especially when we consider that we are attempting to complete a multi-decade 3rd wave which began in 1932.

by Avi Gilburt - 1 week ago

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