LT wave for April 2021

The wave had another good month in March. Projected weakness until the 8th saw the S&P 500 drop to just above 3700. The subsequent strong week took the index to near 4000. The final half of March was expected to be weaker. There was a decline until the 25th, but the final days of the month were stronger than projected.

Here is the LT wave for April:

We see mild weakness in the first days and then some neutral days that could go either way. After the 9th the market should gradually strengthen towards a high peak value around the 26th.

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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