LT wave for November 2020
Posted by Danny on October 30, 2020
The LT wave had another good month in October. The expected weakness early in the month was very mild and the market climbed to its highs during the stronger week. Projected weakness in the final week came right on target with the S&P dropping nearly 200 points.
Here is the LT wave for November:
Early month weakness until around the 4th or the 7th. The highest daily (blue) value comes on the 6th, in the midst of that weak period, which is unusual. Then a stronger period until the 20th. The final week is projected to be weak again.
Good Luck.
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This entry was posted on October 30, 2020 at 1:56 pm and is filed under Market Commentary.
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LT wave for November 2020
Posted by Danny on October 30, 2020
The LT wave had another good month in October. The expected weakness early in the month was very mild and the market climbed to its highs during the stronger week. Projected weakness in the final week came right on target with the S&P dropping nearly 200 points.
Here is the LT wave for November:
Early month weakness until around the 4th or the 7th. The highest daily (blue) value comes on the 6th, in the midst of that weak period, which is unusual. Then a stronger period until the 20th. The final week is projected to be weak again.
Good Luck.
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This entry was posted on October 30, 2020 at 1:56 pm and is filed under Market Commentary. 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.