It wasn’t a good month for the LT wave in July. Expected weakness until the 7th did not pan out. Stocks kept rising and there was just a pretty sharp drop around the 19th, instantly followed by a further climb. The expected weakness in the final days only produced sideways action. How does it continue?
For August the LT wave looks like this:
Weakness until the 4th, followed by a strong week until around the 15th. The second half of the months looks significantly weaker.
The usual caveats apply. Good luck.
so strong the market.