S&P 500 - 19th June 2024 | @ 37 Days

'B' class signal detected in the S&P 500. Running at an average wavelength of 37 days over 10 iterations since June 2023. Currently peaking

ΣL Cycle Summary

Another look here at the excellent short term wave that is punctuating the overall bullish move in the S&P 500 over the last year or so. Running at around 37 days average wavelength from the sample, this wave is notionally the Hurst 40 day nominal wave and is exceptionally stationary, considering the underlying influence of larger components. The US indices have been divergent from world indices in terms of the larger cycles recently, the move down from this imminent peak of the 40 day component could redress the balance.

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 of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.