It was a weird month for the LT wave price projection. Expected weakness in the 1st week came on target, but was mild. As projected it was followed by a stronger week that took the index to new records. The market then dipped as one would expect from the chart, but the final 10 days of the month where everything but weak, and kept grinding up to new record highs day after day. A very surprising twist in the plot. How does it continue?
For July the LT wave looks like this:
The current weak period, which hasn’t produced any weakness so far, is set to continue and intensify until the 7th. Will we get a belated drop that wipes out all gains of the recent week? Or will the rally just continue straight into the next stronger period, which comes in the middle of the month and may stretch until the 27th? I have no idea.
The final days of July is when some weakness appears again.
The usual caveats apply. Good luck.
LunaticTrader 
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