The LT wave had another good month in May.
The projected stronger second week after some hesitation in the first days of the month panned out nicely and took the market higher. The index kept up until around the 21th, which is when the stronger period was left behind. The final week was weaker as indicated by the wave. Here is the LT wave for June:
Weakness in the first days again, followed by a strong period until around the 13th. A very high blue line peak is falling on the 9th, which is a weekend day, so a possible peak could shift a few days into the beginning of the next week. After the weekend of the 15th we remain in a weaker period for the rest of June.
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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Thanks Dan. I look forward to receiving your LT wave updates each month and continue to be fascinated by how accurate they often are along with the correlation of the cycles of the moon and the stock markets. It’s a weird world (and solar system!) we live in!
Thanks!
I enjoy reading your LT wave projections.
Tom