LT wave for Sep 2021

It was a rather average month for the LT wave in August.

Expected weakness in the first 4 days gave us sideways action, which was followed by a nice rally in the subsequent strong period. A peak was reached on the 16th, when the strong period ended. Then the market pulled back sharply in the beginning of the next weak period, but rebounded much more sharply and quickly than our LT wave projected. New record highs were reached before the end of the month already, so the sustained weak period did not pan out.

Here is the LT wave chart for September:


The beginning of September shows continued strength until around the 10th, with a high peak value on the 8th. The final 3 weeks look significantly weaker, with the possibility of a few stronger days around the 17th.

Normal caveats apply: don’t bet the farm on LT waves.

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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