The LT wave had an excellent month of May.
The expected neutral first two weeks saw the market go sideways in a very narrow range. The projected stronger period starting on the 16th panned out nicely with the index climbing to 9 month highs. Here is the LT wave for June:
The current strong period ends around the 5th and is then followed by a week of neutral readings. Around the 13th a new stronger period is projected to start, lasting until the weekend of the 24th. The final week is weaker again.
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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