The LT wave did a lousy job in May.
Expected strength in the first 3 weeks didn’t materialize at all. And the projected weakness in the final week actually gave us a little rally. Doesn’t get any worse.
Here how it is expected to continue in June:
A strong start that can continue until around the 12th. Then a weak period until the 25th. The final days of the month should bring another push higher.
Normal caveats apply: the LT wave is experimental and doesn’t use any market or price inputs. Don’t bet the farm on it.