The LT wave for May did a fair job. The neutral readings in the first week gave more downside action than expected. The stronger second week produced the only multi-day rally attempt of the month. And the second half of May was as weak as projected by the wave. Not bad.
Here is the expected pattern for June:
Weakness ends around the 3rd and gives way to a more positive week with a peak value around the 7th. The second half of the month is projected to be weaker again.