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The LT wave had a good month in August.
The projected early month weakness was limited, also because of the weekend in those first days. The subsequent neutral period was on the strong side and market climbed until the end of the second week. That suggested the path of least resistance was still up. Those gains were given back early in the third week, only to then climb to new record highs in the projected strong period. The weaker last days of the month did also show up, on the last trading day. Here is the LT wave for September:
Weakness until around the 10th. Then a stronger period until the 25th. The months is again projected to end on a weak note, starting from the 26th.
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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