LT wave for Feb 2024

The LT wave had a good month of January.

Expected weakness in the first 10 days produced a sideways with only mild downside action. In the remaining stronger portion of the month the market kept going up without looking back. Here is the LT wave for February:

First a few weak days until a deep negative value on the 5th. Then a stronger period until around the 15th. The second half of February is projected to be weaker.

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

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