DAX - 11th December 2023 | @ 77 Days | + 10.81%
Last trade: + 10.81% | 'B' class signal detected in the German DAX. Running at an average wavelength of 77 days over 12 iterations since July 2021. Currently peaking.
ΣL Cycle Summary
Perhaps amongst all the equity indices we cover, the DAX has displayed the most linear rise in this remarkable uptrend since the previous trough of this component around the start of November. That said, it exhibits a slightly higher modulation in frequency than the same wave in the S&P 500, as shown below. Now due a peak, the upcoming period for the down leg of this wave will be fascinating to see. Will amplitude remain within this wave or is the increased amplitude due to a longer wave pushing up? This will be clarified at the next low of this component, due mid January at the current wavelength. Signal upgraded to a ‘B’ category.
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: Late Buy - DAX 7th November 2023
Entry: 7th November 2023 @ 15155.40
Exit: 11th December 2023 @ 16793.10
Gain: 10.81%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 76.63 Days
Completed Iterations: 12
Component Yield Over Sample: 69.28% - learn more