LT wave for May 2019

The LT wave for April has been pretty useless. In a one way market there is little or no space for cycles to asset themselves. That’s how it goes sometimes. Sooner or later more normal patterns will return.

Here is the LT wave for May:

The wave did reasonably well until the middle of the April. But expected weakness in the final 10 days completely failed to show up and market climbed to new record highs instead.

The LT wave for May stays close to neutral line until the 10th. Then there is a brief positive period until the 15th. The second half of the month is projected to be weak again.

Good luck.