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

VXX Forming a Larger-Degree Bottom

I am still looking for a move through the 24.97 high to give us an initial signal of a larger-degree bottom in the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
by Mike Golembesky - 4 days ago

US Dollar At A Key Inflection Point

The counts are still quite bearish for the DXY over the longer term.  However, they suggest that we likely will see a bit more of a grind into the end of the year prior to getting that sustained top.
by Mike Golembesky - 2 weeks ago

Local Top for VXX?

With the breakdown today I think it's likely that we have made at least a local top and potentially even a top in all of wave iv per the purple count.
by Mike Golembesky - 3 weeks ago

DXY – Corrective Retrace Likely In Progress

As long as the U.S. Dollar Index (DXY) can hold under the 97.92 level, the pressure will remain down and my base case will remain that this has indeed struck a top.
by Mike Golembesky - 1 month ago

SPX - The Rally Continues

Overnight the S&P 500 (SPX) futures continued to push higher, which pushed the most immediately bearish path over the edge and has us now focusing on the more complex patterns which had previously been alternate paths.
by Mike Golembesky - 1 month ago

DXY - Failure To Follow-Through

While we still may have a bit more work to do the upside prior to this topping, I am certainly quite cautious to the upside on the US Dollar Index (DXY) at the moment.
by Mike Golembesky - 2 months ago

DXY - The Floor Is Starting To Creak

I am quite cautious to the upside on the DXY at the moment, as the short setup is still looking quite promising.
by Mike Golembesky - 2 months ago

Nothing Broken As Market Finds Support

The action today is still supportive of seeing continued follow through to the upside on the S&P 500 under the yellow count.
by Mike Golembesky - 2 months ago

Do We Still Need Another High in the DXY Before Topping?

Overall there was still very little change on the U.S. Dollar Index (DXY), although we did creep a bit higher towards the end of the week. This is supportive that the DXY may still need another high to finish off the ending diagonal off the June 2018 lows to finish off the pattern.
by Mike Golembesky - 3 months ago

DXY - Creeping Lower But Still No Signal Of a Top

I am still looking for at least a local top in the U.S. Dollar Index (DXY) sooner rather than later.
by Mike Golembesky - 3 months ago