CBOE Volatility Index (VIX) - 19th February 2024 | @ 251 Days
'B' class signal detected in CBOE Volatility Index (VIX). Running at an average wavelength of 251 days over 16 iterations since April 2013. Currently turning up.
ΣL Cycle Summary
It should perhaps come as no surprise to readers, having seen the excellent out of phase correlation in the VIX to the 80 day nominal wave in stock markets, that there is also a similar wave around 250 days - married inversely to the 40 week nominal wave in stock markets. In this new addition to Sigma-L we look at the quality of the longer term signal using our usual tools to establish the current phase. It is certainly one of the most powerful signals in a bandwidth from around 360-90 days, providing impetus down the spectra to the shorter components, spiking to the upside when markets move sharply down. Crucially any modulation is minimal, as shown below, with a perfectly acceptable average error range of +- 17 days for each estimated peak and trough, equating to 6.7% of the average wavelength at 251 days.
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth…