The LT wave had a weak month in September.
The market went up on neutral LT wave readings in the first week and then declined until the 16th, in what was supposed to be a stronger period. The market bottomed on the 16th and then climbed throughout the weaker period around the third weekend. Not a good match.
Here is the LT wave for October:
A strong period until around the 14th, followed by one week of weakness.
From the 22nd we get another strong period for the remainder of the month. Unexpected? Maybe. We will have to see.
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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