LT wave for October 2024

The LT wave had another mediocre month in September.

The projected strong first week did not pan out at all. The S&P 500 fell to its low of the month and then started rallying in the second week, when the wave indicated weakness. The second half of the months was much better, with a positive bias in the third week, as expected; and a neutral last week, when trading was indeed flat. Here is the LT wave for October:

LT wave for October is again starting with strength in the first week, possibly stretching into the first days of the second week. From the 10th until the 20th there is a weaker period. And the final tend days of October are expected to be strong.

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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