LT wave for May 2020

The LT wave did an almost perfect job in April. Here is the projected price pattern for May:


The expected strong period until the 14th of April gave us a cracking 300 point rally in the S&P 500, almost like printing money. The subsequent weak period until the 22nd was a sideways pause with a mild pullback. And the final stronger week produced another nice rally, which is still ongoing..

The strength continues into the first days of May, but next week an extended weaker period is projected to start. The blue line suggests a few stronger days around the 13th, but basically the weak period stretches until the 21st, when another strong period is suppose to start.

After a good month new readers are easily tempted to use those patterns in their trading, so I have to repeat again that this wave is experimental and last month’s performance guarantees nothing. I think it is always better to just observe a system over a longer period of many months or years and not start using it until you have enough experience on how it “works” and how it “fails”. 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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