The LT wave had another weak month in May.
The month started relatively flat, which was in line with the LT wave. But the strong rally in the second full week was unexpected. In the third and fourth week the normal pattern seemed to come back again. Here is the LT wave for June:
A strong first week, followed by a weak period until the 21st. The final week is strong again.
The usual caveats apply: the LT wave is experimental and purely based on natural cycles, so not on market or price data. Don’t bet the farm on it.
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