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LT wave for May 2022

Posted by Dan on May 2, 2022

The LT wave did an OK job in April.

Expected strength in the first days was short-lived again, and followed by a significant decline in the subsequent weak period. The wave was correct on the overall direction but not on the magnitude of the move. Sometimes it is like that.

Here how it is expected to continue in May:

ltwaveMay2022

There is projected strength for the first 3 weeks, and of course there is plenty room for some rebound rally here. The last week of the month is when we can expect some weakness to return .

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

This entry was posted on May 2, 2022 at 2:04 pm and is filed under Market Commentary. Tagged: . 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.

One Response to “LT wave for May 2022”

  1. LT wave for June 2022 « LunaticTrader said

    June 6, 2022 at 1:30 pm

    […] The LT wave did a lousy job in May. […]

    Reply

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