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.

Everyone Hates B Waves

After pushing higher in three waves yesterday, the market turned lower once again today, slipping slightly beneath Tuesday’s low. While a pullback was certainly not unexpected, that minor break complicates the near-term count, leaving us with several potential paths in play.And that’s the nature of B waves, they rarely stick to the script. They twist, turn, and frustrate both bulls and bears alike, making them one of the most unreliable segments of the Elliott Wave sequence.At the time of this update, price is still testing the micro resistance zone.
by Mike Golembesky - 4 days ago

Note Of Caution - Market Analysis for Nov 6th, 2025

As I was reviewing the metals charts this morning, I wanted to send out a note of caution before I left for the day. While my preference has been for a higher (b) wave bounce across the metals complex, I have noticed that both GDX and GC can be considered as completing a (b) wave triangle this morning.  While I do not have the same potential in silver, it still is enough evidence of a potential completing a (b) wave that requires me to send out this note of caution.Should we see an impulsive break down in GDX below 68, in GC below 3935, and in silver below 47.
by Avi Gilburt - 5 days ago

Waiting for the Downside Structure

Today the market bounced higher after completing a fairly clear a-b-c move down into the overnight lows. This was not terribly unexpected, as the full pattern into the overnight session suggested we would see a bounce today. The big question at hand now is whether this current move up will ultimately lead to new highs or if it’s simply a corrective move higher that still has another downside leg to complete.Because we have likely been dealing with a larger diagonal pattern in this region, making all of the price action corrective in both directions, we really won’t have an answer to that question until we see what the structure of the next move down looks like.
by Mike Golembesky - 5 days ago

Overnight Low Important - Market Analysis for Nov 5th, 2025

As I am now traveling, I am gong to keep this week's metals update rather simple.  And, also, due to the rally we have seen since the overnight low was struck, it lends to the simplified analysis.I am still seeking a c-wave rally to complete a larger (b) wave in the respective 4th waves of the various charts. As long as the overnight low is held on the next pullback across the charts, then I can view that c-wave rally as having begun.  My preference is for a higher rally in silver relative to gold, and GDX may come somewhere in between.
by Avi Gilburt - 5 days ago

How Much Further Downside?

With the market remaining below the high struck yesterday, we completed the b-wave triangle, and have followed through with the downside expectation in the c-wave.  The question now is if this decline is done?At this time, I am still unsure if this current decline has the dreaded one more lower low.  But, even if we do see that lower low, the bigger picture remains the same.  It still centers around the lack of evidence that a top has indeed been struck.  We have no strong reversal indicating a diagonal has completed, nor have we broken support.  In fact, this current decline is still holding the initial support region outlined on the ES chart.
by Avi Gilburt - 6 days ago

Just Going Sideways - Market Analysis for Nov 3rd, 2025

When the market moves sideways for a period of time as we have now seen since Thursday, it forces us to consider a triangle is taking shape.  And, the type of triangle this seems to be tracing out is a b-wave triangle.So, I can keep today’s analysis rather simple.  As long as this morning’s high is respected, then I am viewing us as being in an (e) wave of a b-wave triangle.  That basically means that as long as we remain below this morning’s high, pressure will be down and a c-wave can develop over the coming day or so which can test the lower end of the initial support region.
by Avi Gilburt - 1 week ago

Still Over Support for Now, but the Air Is Thin Up Here

Today, we saw the market move slightly lower in what continues to be overlapping action to the downside. While I can make a case for a potential leading diagonal with this most recent micro lower low, it’s far from a reliable pattern at this stage. I would need to see further confirmation before putting much weight on that interpretation.For now, my focus remains on our key price support levels to guide us in determining whether a top has been struck. As previously noted, this market remains very stretched from both an Elliott Wave and Fibonacci perspective, making the air quite thin at these elevated levels.
by Mike Golembesky - 1 week ago

Quick Update - Market Analysis for Oct 30th, 2025

I want to reiterate in this update that my preference is still to see more of a "bounce" in the metals chart for a bigger and deeper (b) wave before we begin a (c) wave decline.  However, the market has been developing potential signals that could suggest we go down sooner than currently expected.  So, I wanted to send out a quick update.The most clear picture of a more immediate downside potential is in gold.  Earlier today, I sent out the following Alert in the main room:"I am being VERY cautious in gold right now due to the other potential paths.
by Avi Gilburt - 1 week ago

Getting A Bit More Complex

While the metals market provided us with another bounce, the structure of that bounce was not at all indicative of a standard c-wave rally, which would have completed a larger b-wave bounce.  You see, c-waves are most often 5-wave structures. And, thus far, all we have seen is another 3-wave bounce.  This leaves the door open for several paths.Let’s start with gold.   As you know, I am trying to track a (b) wave bounce, which would set up a (c) wave decline.  However, if we are going to see a (b) wave bounce taking us higher in the coming days, we are now at important support for a b-wave within that structure.
by Avi Gilburt - 1 week ago

Market Testing Micro Support

I really do not have much to add to yesterday's analysis.  But, today we did see a pullback towards the smaller degree uptrend line, as we are holding over the initial support box. So, as it stands as I write this update, nothing has broken.  And, a VERY stretched market can continue to choose even higher levels to strike before we finally complete this very long uptrend.  As I said in metals as we were striking the highs, you have to determine how much risk you want to take up here.
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