Last month’s LT wave chart suggested weakness in stock markets. That didn’t pan out for the US indexes, but still the wave got most of the short term swings correct. I have embedded a S&P 500 chart for June, making it easier to see (click for larger image): The blue line did a fairly good… Continue reading LT wave for July
Tag: LT wave
LT wave for February
Stock markets are trying to stabilize near some important support levels. The most recent lunar green period recorded a 94 points loss for the Nasdaq, so that’s as weak as it gets in terms of our lunar cycles. With a lunar red period now getting underway we shouldn’t be surprised to get more downside action… Continue reading LT wave for February
Ending the year at a high
It looks like we are ending the year very close to the high targets we pointed out in late November. 4200 for the Nasdaq, 1850 for the S&P 500, and 16500 for the Dow Industrials are important top targets based on some of my methods and also happen to be the level of overhead resistance… Continue reading Ending the year at a high
Watch out for a December dip
Last week we looked at the potential for a further rise in December. Markets have indeed pushed higher and the Nasdaq is now comfortably above 4000, but my indicators are starting to ooze warning signs for the S&P 500. Here is the current chart (click for larger image): The S&P has been grinding up to… Continue reading Watch out for a December dip
LT wave chart for November
Here is our LT wave chart for next month (click for larger image): Last month the LT wave didn’t work. The S&P 500 actually bottomed on October 9th and then rose to new record highs, exactly the opposite of what the chart projected. For November we see a slightly positive bias until the 14th followed… Continue reading LT wave chart for November
LunaticTrader Blog 