The LT wave had a mediocre month of June.
The neutral readings after the 5th gave us the projected sideways week. Then the market rallied in the subsequent stronger period. But the expected pattern for the final 2 weeks did not pan out. Market pulled back in the 3rd week and rallied again in the 4th week. Here is the LT wave for July:
Mild weakness until around the 13rd. Then a strong 3rd week of the month again, followed by more serious weakness in the final week.
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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