LT wave for September 2019

August was a very volatile month, with news items causing big swings in both directions. That’s not the easiest of environments to trade lunar cycles, but the LT wave didn’t perform too badly after all.

Expected upward bias failed to show up in the first week and the market had a steep drop. Next, a kind of triple bottom at 2820 was formed and the wave was back in sync with the market swings for the second half of August.

Here is the LT wave for September:


Positive bias is expected to continue until the 4th. This could allow the S&P 500 to break out above resistance at 2940. Then there is a weaker period until the 24th. If the market drops back below the 2820 triple bottom during this time then it can get pretty ugly. The final week of the month looks stronger again.

Good luck.

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

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