LunaticTrader

Investing with the Moon

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LT wave for July 2020

Posted by Danny on July 1, 2020

The LT wave had a mixed month in June. Here is the LT wave pattern for July with my review and comments for the coming month:

ltwaveJul2020

Expected weakness in the first week of June did not pan out and the market peaked on the jump-out peak value on the 10th. The next week saw downside action as indicated by the wave. Projected strength in the final 10 days of the month was slow to show up. More a directionless sideways..

For July the current LT strong period carries on until around the 8th. The middle of the month shows a significant dip. Around the 20th another strong period starts, with renewed weakness in the final days.

The usual caveats apply. Good luck in your trading.

This entry was posted on July 1, 2020 at 7:48 am and is filed under Market Commentary. Tagged: . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “LT wave for July 2020”

  1. LT wave for August 2020 « LunaticTrader said

    August 3, 2020 at 7:30 am

    […] LT wave did OK in July. The expected weak periods went mostly sideways, which is typical in bull moves. The peak of the […]

    Reply

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