LT wave for November 2019

October was an interesting month and here is the LT wave for November:

Expected weakness until the 23rd proved to be more short-lived than expected. By the 20th the S&P was regaining the 3000 level already, and the subsequent strong period in the final week took the index to new record highs.

The pattern for November suggests another slow start with the second half of the month looking much stronger.

Reminder for new readers: the LT wave is experimental and relies no market data whatsoever. So don’t bet the bank on it.