The LT wave had another good month in March.
Expected strength in the first days was not spectacular, but the index kept up. That changed in the second week and stocks kept declining throughout the three weeks with negative LT wave readings. The final days did produce a relief rally. So, it was close to perfect. Of course that doesn’t guarantee anything for the next month.
Here is the LT wave for April:
Strength in the first few days, and then a negative period until around the 16th.
The second of half of the month is projected to be strong.
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