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.

Are We Really Doing This Again?

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by Avi Gilburt - 1 hour ago

Does This Market Have Enough Gas Left in the Tank for Another Push Higher?

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by Mike Golembesky - 1 day ago

We Seem To Have An Answer

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by Avi Gilburt - 1 day ago

Moar Sideways - Market Analysis for Oct 13th, 2026

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by Avi Gilburt - 2 days ago

I Have Been Waiting

As you can see, this update is coming later than I usually write the afternoon updates. In fact, I have been waiting for some further market action which could direct us to the manner in which the market is going to resolve up here. But, alas, as we have been simply grinding up in the overnight session and back down in the daytime session, the market has not offered any further insight.So, I am going to offer my apologies as there is nothing further I am meaningfully able to add to the weekend analysis.
by Avi Gilburt - 3 days ago

Market Remains Resilient - Market Analysis for Oct 9th, 2026

After moving lower yesterday, the market pushed back higher today, keeping the door open for further upside action and another push to new highs. Furthermore, today's move has invalidated the potential for a five-wave decline off the highs, making the possibility of a top in an expanded b wave less likely.Unfortunately, the overall pattern on the smaller timeframes remains quite messy. As Avi noted yesterday, the SPX does technically have enough waves in place to consider at least a local top, so we still need to remain cognizant of that possibility. That said, I am personally still leaning toward the market pushing at least a bit higher before any significant top is formed.
by Mike Golembesky - 6 days ago

Could We Have Topped?

With the market pulling back even more today, the question asked in the title of this update has to be on the table at this time.As we have explained in the last two days, if we are dealing with a diagonal to the target overhead, then the 3rd wave came up short of the standard target. So, it clearly places into question whether this pullback is a wave 4 in that diagonal.However, should the market break down below the wave 2 (7700SPX) in that potential diagonal, then we completely invalidated that count as shown. And, it then brings to the forefront the question asked in the title.
by Avi Gilburt - 1 week ago

Almost There? - Market Analysis for Oct 7th, 2026

With the expected decline today, the metals market is clearly closer to the completion of its correction. But, I just do not have sufficient evidence to suggest that it is done.While silver has now dropped to the top of the next target/support box on the 5-minute chart, the rally off that low really counts best as a 3-wave structure. And, since a c-wave or a wave iii would be a 5-wave event, we have no indication that the floor to this correction has been found and that a rally has begun.Gold has taken a step closer now to lower lows. What will be interesting is if gold gets a marginally lower low and silver does not.
by Avi Gilburt - 1 week ago

Both Counts Have Issues, but One Has Fewer Than the Other

Today, the market pulled back and broke the support level that had been keeping the potential impulsive micro pattern off the 10/1 low intact. With that break of support, we are now left looking at another potential ending diagonal pattern to complete wave c of (v) within a larger diagonal. That larger diagonal could be either a leading diagonal per the yellow count or an ending diagonal per the red count.Now, this smaller-degree diagonal off the 10/1 low certainly has its issues and is far from ideal.
by Mike Golembesky - 1 week ago

Progressing Through The Rally

With the market continuing higher today, we have now moved towards the 1.00 extension of the move off the recent lows, and have turned down. I have added a support box for you to track for continuation higher.To remind you again, it seems likely that this rally is taking shape as an ending diagonal. And, within ending diagonals, wave 3 targets the 1.236 extension of waves 1-2. So, I am expecting that we will hold over support and rally to the wave 3 target in the 7870SPX region.OF course, should the market break down below support in an impulsive manner, then that will bring the alternative b-wave count to the forefront.
by Avi Gilburt - 1 week ago
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