Market Update

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 Is Not Providing Any Evidence of a Lasting Bottom In Place Just Yet

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by Mike Golembesky - 15 hours ago

Down, But Not Out . . YET

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by Avi Gilburt - 1 day ago

Quick Update - Market Analysis for Nov 5th, 2026

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by Avi Gilburt - 1 day ago

Lack Of Alignment Causes Analytical Issues

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by Avi Gilburt - 2 days ago

Approaching Next Resistance - Market Analysis for Nov 4th, 2026

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by Avi Gilburt - 2 days ago

Morning Update - Market Analysis for Nov 4th, 2026

I am not sure what to really say, but the ES filled in the final waves and was off to the races.  I am now likely forced to accept a truncated low in SPX in order to attempt to align these two paths.  The main point now is that as long as we remain OVER the low struck last night in ES, we are going to track a bullish path as our primary.  Should it fail, well, then we will have to strongly consider the red top-is-in count.  But, for now, the bears will have to prove that to us.
by Avi Gilburt - 2 days ago

The Issues In The Futures Continue

Not only did the futures get a higher high last week in the b-wave, but we have now made a lower low in the futures, which has also not been seen in the SPX cash index. At least not yet. So, I am trying to figure out how to synthesize the structures and how to interpret them in a way that is consistent and in which they can potentially align.There are two paths I outlined today which can align both the futures and the SPX. That is presented on the attached ES chart.The first path would consider today’s bounce a wave iv in an ending diagonal for wave 5 of c of ii.
by Avi Gilburt - 3 days ago

Has The Next Bullish Uptrend Begun?

There is a lot to discuss in this evening update, so take your time when reading through it.First, even though the market has moved through initial resistance to suggest this bounce is more than a 4th wave, I cannot help but keeping that potential in the back of my mind, with another lower low to be seen to complete the c-wave down. But, in order for that to be the case, then the rally into today’s high would be an a-b-c structure wherein the c-wave is equal to .618 the size of the a-wave. But, that is relatively rare, so it forces me to assume that the bottom of the c-wave has indeed been struck.
by Avi Gilburt - 4 days ago

Quick Morning Update - Market Analysis for Oct 30th, 2026

Well, we FINALLY got this lower low in gold, and this can complete this entire decline now.  This now looks VERY full.  To confirm the bottom is in, we need to break out through the downtrend channel on the 60-minute chart, and then through the wave (4) should make it highly likely that we have begun the (b) wave.  Of course, if the rally begins in impulsive fashion, we will have considerations for the yellow count.  But, for now, I am expecting a corrective rally in 3-wave structures which is why we will need a break out over resistance for confirmation.In silver, while my minimum ideal target of 53.
by Avi Gilburt - 1 week ago

Not Many Good Choices

We had a very interesting end to the day yesterday. While the SPX did not see an invalidation of its wave 2 in yellow, it certainly went deeper than the standards we normally see for a 2nd wave. And, this often portends a break of the set up. Yet, the SPX has still retained the set up.However, the ES – just after the market closed yesterday – spiked up and then spiked right back down. And, yes, the ES saw its immediate bearish set up invalidated through this action. However, there are a very small number of times I have seen in the past where an after-hours futures move was to be disregarded due to the lower volume after hours action.
by Avi Gilburt - 1 week ago

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