LT wave for Mar 2022

February was an interesting month for our LT wave.

Expected strength in the first weeks hardly produced a weak sideways, just like in January. This signaled underlying weakness and after the 19th the weak period took the index down to new lows for the year.

Here how it is expected to continue in March:

The month should start positively, so the current rebound may continue until the 6th. That is projected to be followed by weakness until the 15th. The second half of the month looks positive too, with the exception of a few weaker days around the 26th.

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