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 Testing the Lower End of Support

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by Mike Golembesky - 13 hours ago

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

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by Avi Gilburt - 21 hours ago

Quick Update - Market Analysis for Oct 15th, 2026

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by Avi Gilburt - 1 day ago

Are We Really Doing This Again?

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by Avi Gilburt - 1 day ago

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

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by Mike Golembesky - 2 days ago

We Seem To Have An Answer

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by Avi Gilburt - 2 days ago

Moar Sideways - Market Analysis for Oct 13th, 2026

Yes, I continued to wait today for the market to give us some indication as to its intention on striking a higher high and into our target box. But, again, it has left me wanting for more clues.And, since I am only able to provide you that to which the market provides to me, unfortunately, I am unable to add anything to the prior analysis.But, I do want to point out something about IWM, which I posted earlier in the trading room. As you can see from the daily chart, we are at the bottom of the uptrend and hanging around the 200DMA.

by Avi Gilburt - 3 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 - 4 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 - 1 week 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

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