LT wave for November 2022

The LT wave had a good month in October.

The projected weakness in the first half of the month saw the market decline to new lows for the year. The subsequent stronger period produced a pretty spectacular rebound rally. And in the final days we had some weakness again, as indicated by the Wave.

Here is the LT wave for November:

Weakness until around the 6th. Then a stronger period until around the 20th. The final week of the month is just mishmash. But that doesn’t mean the final week will be flat. The LT wave is detrended to show the expected short term swings. A neutral reading tends to go in the direction of the overall trend that is in place by that time.

Normal caveats apply: the LT wave is experimental and doesn’t use any market or price inputs. Don’t bet the farm on it.