LT wave for July 2023

The LT wave had a mediocre month of June.

The neutral readings after the 5th gave us the projected sideways week. Then the market rallied in the subsequent stronger period. But the expected pattern for the final 2 weeks did not pan out. Market pulled back in the 3rd week and rallied again in the 4th week. Here is the LT wave for July:

ltwaveJul2023

Mild weakness until around the 13rd. Then a strong 3rd week of the month again, followed by more serious weakness in the final week.

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

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By Dan

Stock trader since 1986. Method based on proprietary indicators, seasonal patterns and moon cycles.

3 comments

  1. Danny,
    For the July LT Wave chart it shows the 6th highlighted in cyan, what is the significance of this? Is this a projected strong down day? Have noticed that Tolstunka.com has this date highlighted as well on her twitter post.
    Thanks
    Kevin

    1. Hi Kevin. The 6th displayed in cyan only means that day was selected in my software screen when I took the screenshot. When the new version of the LunaticTrader program is out you will see. It has no special meaning with regards to strength or weakness of that day.

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