CAC 40 - 11th December 2023 | @ 78 Days | + 9.58%
Last trade: + 9.58% | 'C' class signal detected in France's CAC 40 Index. Average wavelength of 78 days over 13 iterations since March 2021. Currently peaking.
ΣL Cycle Summary
In much the same vein as the almost linear DAX, this wave is now peaking the main French equity index. Modulation is evident, as with the German equivalent, most notably at a slightly longer wavelength. This is likely a spurious harmonic which will be absorbed (via frequency modulation) into the wavelength calculation over time. The next trough is due mid January, as described below.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Buy - CAC 40 31st October 2023
Entry: 31st October 2023 @ 6885.65
Exit: 11th December 2023 @ 7545.42
Gain: + 9.58%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 77.53 Days
Completed Iterations: 13
Component Yield Over Sample: 70.37% - learn more