Avi Gilburt

Founder at ElliottWaveTrader
On the record
Recent Quotes
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  • Sometimes you have to take a step back and question the common thinking of market participants. And, when you pull back that curtain it may come as a surprise as to what you may find.

    5 October 2018
  • For those that have been following our work for years, you would know our perspective that we are in the final throes of the bullish structure we have been tracking off the 2009 lows. Most specifically, as the S&P 500 (SPX) rally came to our target in the 2100 region at the end of 2015, we were looking for a pullback towards the 1800 region to set up the rally to 2600+ to complete the 3rd wave off the 2009 lows. And, as the rally developed through 2016 and 2017, we set our targets to complete wave 3 at a minimum of 3011 on the SPX, but with a more ideal target of 3225. Currently, the market is deciding if this 3rd wave will be completing over 3200, or if the 3000 region will put a cap to this rally. Either way, the risks have certainly risen, especially when you consider our ideal target for the expected correction in the SPX is in the 2100 region.

    5 October 2018