The LT wave did fairly well in July.
Expected weakness early in the month saw a mild pullback. The subsquent stronger period started a few days earlier than projected and took the SPX to near 4600 by the 19th. Projected weakness in the final week was very mild, except for one strong down day. But the market stayed below 4600, so it was more like a sideways pause. Here is the LT wave for August:
Current weak period continues until the 5th. Then two stronger weeks until around the 22nd followed by just a few weaker days. The final week looks strong.
Normal caveats apply: the LT wave is experimental and purely based on natural cycles, so doesn’t use any market or price inputs. Don’t bet the farm on it.
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