ΣL Cycle Summary
An incredible, almost linear rise has typified the latest iteration of the up-leg in the S&P 500 (and stock markets in general) since the last trough of this component, reported on at the end of October. Barring a similar high amplitude retrace of price, the low in late October / early November is likely a trough of higher magnitude, specifically the 20 week nominal wave in Hurst nomenclature. That high amplitude retrace is not completely out of the question though. The VIX, which exhibits a superb phase inversion of this component is forming a trough. As for the S&P 500, the timing of the next trough is early - mid January at the current wavelength. Frequency modulation is minimal for this coherent example of periodic price action in a financial market.
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: Buy - S&P 500 31st October 2023
Entry: 31st October 2023 @ 4193.79
Exit: 8th December 2023 @ 4591.77
Gain: 9.49%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 74.77 Days
Completed Iterations: 14
Component Yield Over Sample: 68.56% - learn more