EUSTOXX 50 - 30th October 2023 | @ 76 days | + 5.64%

Last trade: + 5.64% | 'B' class signal detected in the EUSTOXX 50. Running at an average wavelength of 76 days over 12 iterations since March 2021. Currently troughing.

ΣL Cycle Summary

This is the ubiquitous 80 day ‘nominal’ wave in the main European index, clear for the last year or so and running at around 76 days average wavelength in this sample. Anticipated to trough shortly with a peak of the wave in early December. A heavily left translated price peak in the coming month or so will likely confirm larger components moving down more readily.