The LT wave chart for July did OK. It picked up a few highs and lows, also missed some. Here is the LT wave for August (click for larger image):
Given yesterday’s drop in the market it could become an interesting August. The LT wave will reach a low on the 5th, followed by a high on the 10th. Then another low around the 20th before going into a strong final week. As always, consider this chart with the necessary caution. It is an experimental method.