LunaticTrader

Investing with the Moon

LT wave for July 2019

Posted by Danny on July 1, 2019

June was not an easy month for trading our LT wave: https://lunatictrader.com/2019/06/03/lt-wave-for-june-2019/
Expected strength in the first week pushed the S&P back above 2900. The weaker second half of the month did not produce much downside action, the market kept climbing, but at a slower rate.
This suggests the path of least resistance is up.

Here is the LT wave for July:

ltwaveJul2019

Again we have projected early month strength. The highest LT wave value comes on the 4th, but there is likely to be carry on momentum until around the 10th. The second half of the month looks weak again, but with more negative extremes than last month. The lowest LT wave values come in the 27-29th period.

Good luck.

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