LT wave had another poor month in August. The market moved almost completely opposite to the expected pattern throughout the month. Whether that will continue or not is impossible to say. All we can do is be extra cautious and wait for normal situation to return. Here is the LT wave chart for September: Weakness… Continue reading LT wave for September
Tag: LT wave
LT wave for August
Our LT wave had a mediocre month in July. Expected weakness until the 10th did not pan out, with the market breaking out to the upside on the 6th already. Expected strong period until the 22nd did work out but extended well beyond that date with S&P 500 peaking on the 25th before projected weakness… Continue reading LT wave for August
LT wave for July
Markets have been sputtering in recent months, but long term up trends stay intact. The Nasdaq has already climbed to new all time highs and is closing in on the 8000 mark. Here is the current chart: As long as the trend line is not broken it is too early to declare a top in… Continue reading LT wave for July
LT wave for June
US stock markets are trading in a large sideways pattern since February. But lunar cycles keep doing well in this environment. The LT wave did a good job in May. Lows of the month came in the first week as expected and a stronger period followed. Projected weakness in the final days of May came… Continue reading LT wave for June
LT wave for May
Stocks have largely gone sideways in the recent month. It remains unclear whether the next major move will be up or down. Here is the current S&P 500 chart: Technically the Earl (blue line) peaked out in mid April and has come down to the neutral line. No signs of a bottom. The slower Earl2… Continue reading LT wave for May
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