LT wave for July 2024

The LT wave had another good month in June.

The expected strong period in the first two weeks saw the S&P 500 climb to new record highs near 5500. The market then went sideways in the subsequent weaker period. Here is the LT wave for July:

First we get a strong period until around the 10th. This is followed by a weaker period until the weekend of the 27th. The final days of the month are a bit stronger again.

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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