The LT wave did poorly in February. The climb in the early part of the month panned out well and the market went to new records. But the coronavirus panic in the final week washed out our wave cycle and we had a serious decline when some market was strength was expected.
Here is the projected pattern for March:
We have a weak period until around the 9th with a lowest value on the 7th. After that the values hover around the neutral line with some weaker days alternating with stronger days, but nothing outstanding. It’s hard to tell how this may pan out.
Maybe we will get a rather weak rebound from whatever lows are reached in this decline, and then a retest of the lows on the weak days that happen towards the end of March.
Good luck.
The date indication could be more clearly. Can you find a solution to this?
The graph is made with a spreadsheet program. I haven’t found a way to make the dates easier to see.
But people shouldn’t expect it to be accurate to the day anyway. So, it’s good enough for its purpose.
Thanks for the feedback.