LT wave for Oct 2023

The LT wave had a fairly good month in September.

The weakness started a bit earlier than expected. And the subsequent stronger period until the 18th produced rally attempts, but not very strong. That already indicated underlying weakness. The subsequent weaker period for the final 10 days of the month saw the SPX drop more than 200 points to its lowest levels since early June. Here is the LT wave for October:

For october we see some ongoing weakness in the first week. Then a stronger second and third week. Then weaker again until the 29th, and possible strength in the final days of the month.

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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