LT wave for January 2023

The LT wave had a fair month in December.

The projected strength in the first days contained a weekend, and the subsequent weakness pulled the market down from the 5th. A few stronger days came on target and pulled the market back up. But that was very short-lived and soon followed by a serious drop in the next weak period. The final week of December was disappointing and failed to produce any rally worth talking about. Sometimes such a clear failure foretells underlying weakness, but we will see.

Here is the LT wave for January:


Mild weakness until around the 8th to start the year. Then a stronger period until around the 25th. The final days of the month are weak.

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

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

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