Markets have been sputtering in recent months, but long term up trends stay intact. The Nasdaq has already climbed to new all time highs and is closing in on the 8000 mark.
Here is the current chart:
As long as the trend line is not broken it is too early to declare a top in this market. The Earl indicator (blue line) is turning back up after the recent week’s pullback. This suggests a new upswing could be starting. But the slower Earl2 (orange line) is still going down, which means new highs may have to wait at least a little bit. The MoM indicator is also trying to paint a bottom, so the setup suggests a rally attempt in the next few weeks.
Our LT wave did a reasonable job in June. Suggested weakness in the first week did not pan out, but the month’s high came very close to the 14th and the final weeks were weak again, as expected. Here is the LT wave for July:
The projected pattern is quite similar to last month. Expected weakness until around the 10th, followed by a stronger week and renewed weakness after the 22nd.
Lowest LT wave values come on the 9th and the 30th. The highest value is expected on the 17th.
Good luck.
LunaticTrader 
I would like to know on whether the periods of relative strength/weakness are related to Lunar activity or not
Do you have any suggestions?
Thank you very much for any suggestions (^v^)
For the projected range from 11 Jul, 2018 to 22 Jul, 2018, the period is too long and I would like to know on whether any indicator is available to monitor the turning point or not.
Does anyone have any suggestions?
Thanks in advance for any suggestions
What do you mean with “the period is too long”? It is what it is. Lunar cycles are for swing trading, not daytrading.
If there were reliable indicators that show you the turning points to the day, then nobody would be working….
Referring the swing based on following periods, the strength for uptrend seems stronger for period 1 as comparing with period 2, I would like to know on what major lunar factor effects the strength of price movement based on your research.
Period 1
Low position : 11-Jun, 2018
High position : 14-Jun, 2018
Period 2
Low position : 10-Jul, 2018
High position : 18-Jul, 2018
Do you have any suggestions?
Thank you very much for any suggestions (^v^)
Hi Eric. The formula for the LT wave is proprietary. So, it’s not something I can explain here. The periods of relative strength/weakness are not of fixed duration. That’s where this LT wave differs from the lunar green and red periods we consider.