The LT wave had a poor month in August.
The expected weakness in the first 3 weeks actually gave us a rising market until the middle of the month. And the projected stronger final week did not show up either. It doesn’t get any worse.
Here how it is expected to continue in September:
Weakness is expected to continue in the first week and then be followed by a more positive period in the remaining 3 weeks.
Normal caveats apply: the LT wave is experimental and doesn’t use any market or price inputs. Don’t bet the farm on it.