LT wave for May 2019
Posted by Danny on May 1, 2019
The LT wave for April has been pretty useless. In a one way market there is little or no space for cycles to asset themselves. That’s how it goes sometimes. Sooner or later more normal patterns will return.
Here is the LT wave for May:
The wave did reasonably well until the middle of the April. But expected weakness in the final 10 days completely failed to show up and market climbed to new record highs instead.
The LT wave for May stays close to neutral line until the 10th. Then there is a brief positive period until the 15th. The second half of the month is projected to be weak again.
Good luck.
gross said
hi thank you for the lt wave it helps in trading
Idris Bengali said
Danny Greetings… you had talked about including the LT Wave in Lunatic Trader…, many moons ago
LT wave for June 2019 « LunaticTrader said
[…] LT wave for May did a fair job. The neutral readings in the first week gave more downside action than expected. The […]