About Mike Golembesky

Mike Golembesky Michael Golembesky is a senior analyst at ElliottWaveTrader covering Forex, the S&P 500 and the VIX. He contributes frequently to Avi's Market Alerts service while also hosting his own VIX Trade Alerts service and co-hosting the EWT Forex service.

He began his trading journey as a SOES trader in the late 90's. In 2005 he began trading the Forex markets at which time he was first introduced to Elliott Wave analysis. In 2012 he joined EWT where he further honed his knowledge of Elliott Wave analysis and Fibonacci Pinball. Mike also has an extensive background in real estate investing and finance, having spent close to 10 years working in this field. He is a popular speaker at trading conferences such as the Traders Expo, and a regular contributor to sites such as Seeking Alpha, Nasdaq.com, and Money Show.

About Mike's Services

The VIX Trade Alerts service features Mike's day and swing trade alerts on the VXX as well as VXX options. The alerts are posted live in the ElliottWaveTrader room and available by email. The service also features a Live Video on Mondays after the close, in which Mike presents his charts and answers member questions.

See a recent Webinar by Mike on VIX trading opportunities.

Forex is a standalone service in our Trading Room that features chart analysis and alerts on trading opportunities in both the major and minor forex pairs, as well as crypto cross pairs, hosted by Mike and Arkady Yahknis. The six majors are EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, and AUDUSD.

The crypto pairs are BTCEUR, BTCGBP and BTCJPY. As potential set-ups or member requests arise, additional crypto cross pairs, including ETH, LTC, BCH, XRP, are analyzed relative to the heavily traded fiat currencies.

See a recent Webinar by Mike on applying Elliott Wave analysis to Forex trading.

Story Archive

Several Paths Now Open As Dollar Fails To Make Another Low

Failure to follow-through has now left the door open to several possible paths for the US Dollar, one of which is yet another high prior to seeing a larger degree top.
by Mike Golembesky - 2 days ago

Local Bottom for VXX?

Yesterday the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) bounced off of the 200% Fib extension almost on the nose, which is a good signal that we may have formed at least a local bottom.
by Mike Golembesky - 2 weeks ago

The US Dollar Continues To Get Hammered Into The Week’s End

After seeing a strong move lower over the previous two weeks, the US Dollar Index (DXY) saw continued follow-through to the downside, now having made a fairly direct move into the 97.
by Mike Golembesky - 3 weeks ago

VXX Still Forming Larger-Degree Bottom

With the continued breakdown in the VXX last week, we are now left with the yellow primary and blue alt counts.
by Mike Golembesky - 4 weeks ago

US Dollar Back To Highs, But Longer-Term Downside Setup Remains Intact

I still remain quite cautious to the long side here on the DXY, as the risks to the downside still outweigh those to the upside, even as we continue to grind higher.
by Mike Golembesky - 1 month ago

US Dollar Holding Onto The Immediate Downside Setup By A Thread

This week we saw the U.S. Dollar Index (DXY) move higher again, failing to break through the 98.00 low that was struck on September 13.
by Mike Golembesky - 1 month ago

Levels To Watch for a b-Wave Top

The S&P 500 (SPX) futures are trading slightly higher today, but my base case still remains unchanged at this point in time and I do prefer to see this topping in a b wave.
by Mike Golembesky - 1 month ago

US Dollar Break Out Or Blow Off Top?

I am still quite cautious to the long side here on the DXY, as the risks to the downside still outweigh those to the upside here as we grind our way into the end of the year.
by Mike Golembesky - 2 months ago

US Dollar Following The Expected Path

After consolidating sideways most of the week, the U.S. Dollar Index (DXY) dropped sharply on Friday.
by Mike Golembesky - 2 months ago

US Dollar Drops But Still No Confirmation Of A Top

We are left very much in the same spot as last week and I will re-iterate that both of two paths laid out on the charts are quite bearish for the U.
by Mike Golembesky - 3 months ago