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.

Pressure Remains Down as We Approach the Next Downside Pivot

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 - 11 hours ago

Layering In As We Speak

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 - 12 hours ago

Market at First Key Inflection Point to the Downside

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

Trying To Make It More Reliable

This article will be available to the public in about 11 hours. To read it now, sign up for a free trial. Current members, simply log in.
by Avi Gilburt - 2 days ago

Trying To Keep It Simple

With the move down from this week’s high not counting well as a standard Fibonacci Pinball structure, it leaves us with the potential that the initial move lower was a leading diagonal for wave 1 of the (c) wave.  And, assuming this is the correct count, that makes today’s bounce a wave 2.This is where I add my usual warning about leading diagonals not being strong trading cues, as they can just as easily be a corrective structure.  It is for this reason that I seek confirmation with a clear 5-wave decline for wave i of 3 to make this structure a much higher probability in following through to the downside.
by Avi Gilburt - 6 days ago

Point Of No Return

With the metals market seemingly topping out today, we may have now dropped to the point of no return.   You see, due to today’s drop, this is either going to be the start of the 5th wave to lower lows, or, yes, if we break back out over today’s high, then we will be looking at the revenge of the purple count.  It seems that simple to me at this time.I also want to remind you that a 5th wave decline in an ending diagonal takes shape as a 3-wave structure, breaking down as an a-b-c decline.
by Avi Gilburt - 1 week ago

Market Continues To Push Lower, But Structure Is Far From Clean

Today we saw the market continue to push lower after moving lower yesterday as well. Unfortunately, the structure of the move to the downside is far from clear, and if we have indeed topped in all of wave (b), the initial move down has likely taken the form of a leading diagonal. While this can certainly qualify as an initial five-wave move to the downside, this structure is not the most reliable of patterns.The move up off today's low is, however, taking the form of three waves, which provides us with a bit of support for the idea that we still have further downside action ahead of us before making any new highs.
by Mike Golembesky - 1 week ago

Summer Doldrums - Market Analysis for Jun 16th, 2026

Well, since not much has really happened there is really not much to add to the recent analysis.  So, I am simply going to add a couple of points from the daily SPX chart I am including in today’s update.As you can see, price has come back to the uptrend line and we seem to be hitting our heads on it as we speak.  Moreover, the MACD has not crossed up yet to even begin a suggestion that this is a sustainable rally.  And, when it does, we usually like to see it having crossed over for 3 days to signal a new uptrend has potentially begun.
by Avi Gilburt - 1 week ago

Bulls Are Trying To Open The Next Door

With the SPX moving through the resistance box today, I have been forced to add a bullish alternative to the counts I am tracking.  But, I want to make it clear that this is in no way my preferred path at this time, and it will need to prove itself as per the outline below.For now, I am still viewing this rally as a (b) wave until proven otherwise.  But, we also need to see a CLEAR 5-wave decline to make it a strong probability that a (c) wave decline is in progress.
by Avi Gilburt - 1 week ago

Small Changes - Market Analysis for Jun 15th, 2026

With the rally we are seeing today, I wanted to keep you apprised of where I think we are so that you can be appropriately prepared when the next buying opportunity arises.There are only two small changes I would make to the analysis from the weekend.  The first is in GDX. Due to the size of the move higher, I think it is clear that the recent low completed the 3rd wave of an ending diagonal in the c-wave for GDX.  With it hitting a low just beyond the 1.382 extension of waves 1-2 to the downside, this is a very reasonable bottom to the 3rd wave in a diagonal in metals.
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