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

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 - 5 days 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 - 1 week 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 - 4 weeks 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 - 1 month 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 - 1 month ago

S&P 500 Getting Long in the Tooth

I think this move in the S&P 500 is getting long in the tooth and should be seeing at least a local top sooner rather than later.
by Mike Golembesky - 2 months ago

Base Case Unchanged in VIX

Even though we are once again re-testing the lows in the iPath B S&P 500 VIX S/T Futs ETN (VXXB), my base case remains unchanged on this.
by Mike Golembesky - 3 months ago

VIX Retesting Support

The iPath B S&P 500 VIX S/T Futs ETN (VXXB) is currently retesting the 32.94 low, and breaking this level would further provide evidence that the white pattern is indeed the operative path.
by Mike Golembesky - 3 months ago

VIX Pressure Remains Down

After seeing a high consolidation on the nano time scales yesterday, overnight the iPath B S&P 500 VIX S/T Futs ETN (VXXB)  did indeed move higher, exceeding yesterday's high of the day by just a few ticks.
by Mike Golembesky - 3 months ago

VXX: Looking for Local Bottom Sooner Than Later

After only getting a three wave move up off of the lows yesterday, the iPath S&P 500 VIX ST Futures ETN (VXX) is trading lower again this morning having broken back under the previous low.
by Mike Golembesky - 4 months ago