Michael Golembesky (@mikegolembesky) 's Twitter Profile
Michael Golembesky

@mikegolembesky

I am a senior analyst, author and speaker focusing on the U.S. Equity, Volatility and Forex Markets. I can be found in the Trading Room at EWT daily 📈📉

ID: 366282674

linkhttps://www.elliottwavetrader.net/analyst/Mike-Golembesky calendar_today01-09-2011 22:17:32

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Zachary Mannes (@zacmannes) 's Twitter Profile Photo

Our newest article/video on gaseous #moleculesoffreedom and some related #stockstowatch . w/Garrett Patten #StockWaves $UNG $NG #NatGas $RRC $TGP $GLOP $GLNG $GLOG $DGAZ $BOIL $UL 💥📉📈📈 seekingalpha.com/article/427261…

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

SPX - It does look like we are following through on the purple path here however I do want to note that until we break back up over the 2939 high it's still possible to consider this as part of a micro wave b of (b) of larger b. Not my preferred path but I want to allow for it.

SPX - It does look like we are following through on the purple path here however I do want to note that until we break back up over the 2939 high it's still possible to consider this as part of a micro wave b of (b) of larger b. Not my preferred path but I want to allow for it.
Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

If we move direclty higher under the purple path then overhead targets/resistnace levels com in at the 2962, 2990 then 3004 levels. I don't have great fib confluence with a direct move higher but those are the fib levels that I have at the moment.

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

VXX - Like the SPX purple path is now the primary, I prefer a direct move lower to finish off wave c of B/2. I do want to allow for the potential that this is still only in a wave (b) of b of a larger wave B/2. This is shown in dark purple. Not my preferred path but possible.

VXX - Like the SPX purple path is now the primary, I prefer a direct move lower to finish off wave c of B/2. I do want to allow for the potential that this is still only in a wave (b) of b of a larger wave B/2. This is shown in dark purple. Not my preferred path but possible.
Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

SPX - With the break over the 2939 high the "dark" purple alternate now invalid so we are left with the purple path for wave (c) of b up. Again upside fib targets at the 2962, 2979, 2990 levels.

SPX - With the break over the 2939 high the "dark" purple alternate now invalid so we are left with the purple path for wave (c) of b up. Again upside fib targets at the 2962, 2979, 2990 levels.
Tom McClellan (@mcclellanosc) 's Twitter Profile Photo

The 2-year T-Note yield is the best guide for what the Fed should do. The Fed screws up when it does not listen to that message. Even with the big yield rise lately, the 2-year is still more than a 1/4 point below the FF target rate.

The 2-year T-Note yield is the best guide for what the Fed should do. The Fed screws up when it does not listen to that message. Even with the big yield rise lately, the 2-year is still more than a 1/4 point below the FF target rate.
Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

As we approach new highs here I was reminded of this quote bit.ly/2UTBHpm. This is From Robert Prechter from Socionomics "The Scoionomic Theory of Finance" this really stood out to me when I was reading the book... Highly recommended reading if you have not done so.

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

My latest article on the "Do or Die" State of Market Volatility and what the #ImpeachmentInquiry seekingalpha.com/article/429343… $VXX #VXX

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

Here is a replay of my Monday video from the VIX and Index ETF service at ElliottWaveTrader.net. Each week I discuss what I am seeing in the week ahead in the Volatility Space along with the $SPX, $RUT, and $NDX. I also will review any potential tradeable setups that I am

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

It is a commonly held belief that the substance of a news event will drive the direction of the Stock Market. My question for you is, what caused that news event to occur?

ElliottWaveTrader (@avigilburt) 's Twitter Profile Photo

EWT senior analyst Michael Golembesky provides detailed counts on the #VIX and #SP500 charts, along with setups he's seeing in this weekly member video opened up to the public: elliottwavetrader.net/videos/VIX-Ind…

Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

VXX - This is being quite sticky today and holding over support. Still would need back over the 51.91 high to confirm we have put in at least a local bottom, but interesting how sticky this is today.

VXX - This is being quite sticky today and holding over support. Still would need back over the 51.91 high to confirm we have put in at least a local bottom, but interesting how sticky this is today.
Michael Golembesky (@mikegolembesky) 's Twitter Profile Photo

ES - Still holding under resistance but this is not the ideal type of reversal action we typically see when an ED has completed so the yellow count is still very much in play here. The structure of the next move lower will help determine which is playing out. If we see three

ES - Still holding under resistance but this is not the ideal type of reversal action we typically see when an ED has completed so the yellow count is still very much in play here. 

The structure of the next move lower will help determine which is playing out. If we see three