Another poor month for our LT wave in May.
Just like in April, the markets did the opposite of what our wave projected. The SPX kept climbing in the weak period until the 12th, then had its only brief correction in what was supposed to be the stronger week. It doesn’t get any worse.
Here is the LT wave for June:
Weakness in the first week, followed by a strong period from the 6th until around the 23rd. Weakness again in the final seven days of June.
When will the normal cycles re-assert themselves? I don’t know. Trading would become very easy if there was an answer. We have to make do with very small edges, and cycles can go off the boil for a bunch of reasons. It is not supposed to work more than 60% of the time. Don’t bet the bank on any single factor or method.
Subscribe to our blog if you want to get an email each time we post new information. It’s free.
LunaticTrader Blog 