LT wave for October 2019

Sorry for the delay, but here is the LT wave for October:

September started as expected, with an upward bias in the first week. The subsequent weaker period gave use a long sideways pattern with a slight downward trend. The projected strength in the final days of the month saw an attempt to climb back towards the 3000 level, but it failed very quickly.

For October the wave suggests weakness until around the 23rd, with LT wave lows on the 7th and 18th. The final week of the month is expected to be stronger. Given the very weak start in the first days a possible test of the August lows near 2820 is quite likely. If that level doesn’t hold then an ugly month is in the cards.

Good luck.