The LT wave had a fair month of February.
The S&P 500 used the stronger first half of the month to climb well above 5000. The second half was weaker, but only just below neutral most of the time. During this period we got more sideways trading still with a slight upward bias. Here is the LT wave for March:
The first day of March saw a jump to new record highs already. But the wave shows weakness until around the 8th. For the rest of March we see very neutral readings, so no clear bias in either direction. That doesn’t mean the market will go sideways. It will depend on the underlying longer term tide, which is not decided by lunar cycles only. In February the path of least resistance was clearly up, but that could change. If so it will become visible in the last 20 days of March.
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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So glad to see you posting again. Missed your daily box charts on Twitter. Was worried if you were okay.
Tried sending a direct message to check on you, but Twitter didn’t allow DM’s to your account.
Hi Debbie. You can always write us via the contact details on our websites. The charts we used to post on Twitter daily are now exclusive for our reversallevels.com subscribers every day. We still post them publicly about once a week, usually on Friday: https://www.reversallevels.com/2024/03/charts-for-mar-8-2024.html Thanks for the thumbs up.