LT wave for August 2022

The LT wave had another good month in July.

Expected strength in the first week lifted the market up, but then dropped significantly in the subsequent weak period. The market rebounded on the back of a few stronger days around the 19th and then produced the very strong final 5 days, as projected

Here how it is expected to continue in August:

The current stronger period is supposed the end around the 2nd and give way to another extended weak period. The final week of the month should be stronger again. So the overall pattern is very similar to July.

Normal caveats apply: the LT wave is experimental and doesn’t use any market or price inputs. Don’t bet the farm on it.