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.
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This entry was posted on April 1, 2021 at 1:07 pm and is filed under Market Commentary.
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LT wave for April 2021
Posted by Danny on April 1, 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.
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This entry was posted on April 1, 2021 at 1:07 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.