DJIA: Hurst Cycles - 10th May 2022

A price decline past the 40 week trough brings the medium term phasing into question and we look at next moves from the imminent 80 day nominal low

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Phasing Analysis

Long Term

Components greater than and including the 18 month nominal cycle

Medium Term

Components less than and including the 18 month nominal cycle

Short Term

Components around the 80 day nominal cycle

Bandpass Filter Output

80 day nominal component @ 62.60 days average duration

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Analysis Summary

Having just reached our target of 35300-35500 from the last report and the 40 day nominal low, the DJIA subsequently collapsed through the 80 day FLD. This move past the 40 week nominal low has prompted questions about the magnitude of that low, it may well be only of 20 week magnitude. It is of small significance, however, until such time as we approach the next 80 day nominal low in early - mid July, that being the next 20 week trough iteration.