S&P 500: Hurst Cycles - 14th Feb 2022
Standard & Poor's 500 Index | Phasing Analysis Update, Outlook & Trading Strategy
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
Below, the two possible phasings for the S&P, at the daily and 4 hour scale. Both present similar positions of the 20 day FLD.
Target is set at 4550 for the 40 day nominal low but traders may wish to hold for the 40 week low at the start of February. There is potential support around 4350 and the 40 week FLD.
If the 40 week low is indeed coming in early February we should expect the incoming 40 day low due at the start of January to test the level of 4500 again. Traders may then wish to hold for the 40 week low due at the start of February 2022, according to the above phasing.
Keep reading with a 7-day free trial
Subscribe to Sigma-L to keep reading this post and get 7 days of free access to the full post archives.