A few weeks ago, when we last covered the S&P 500, I warned that the market was likely to give us a few good down days in the last week of May, with a target of 1600-1625, and then another rally. See: When everybody expects the same thing… We got the down days and the… Continue reading The next rally
Tag: LT wave
LT Wave reviewed
In mid February I posted an experimental chart, which I called the LT Wave. It showed expected ups and downs in the market until the end of March. How has it panned out? Well, not so bad as can be seen in this comparison with the S&P 500 (click for larger image): As I pointed out,… Continue reading LT Wave reviewed
LT wave chart
Markets have continued to move in line with expectations. Most major indices remain near overhead resistance lines, but there is no breakout to the upside (yet), and meanwhile we have entered a lunar Red Period. Here is the Nasdaq chart (click for larger image): This market has reached our 3200 target, but seems to struggle… Continue reading LT wave chart
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