LT wave for March 2021

The wave had an excellent month in February. Expected strength in the first half of the month was right on target and lifted the S&P 500 to a new record high on the 16th. Then the projected weakness in the 3rd week came in, causing a pullback. Then there was another rally attempt in the final days, but it panned out weaker than expected.

Here is the LT wave for March:

There is initial strength in the first days, quickly followed by weakness until the 8th. Then the pattern shows a strong week in the middle of the month, which ends around the 16th. The final weeks of March are projected to be weak.

Good luck. And as always, the normal caveats apply. This LT wave is completely experimental and a good fit in the prior month doesn’t guarantee anything for the next one. Use common sense if you try to use it in your own trading.

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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