Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
S&P 500 - 8th May 2024 | @ 37 Days
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S&P 500 - 8th May 2024 | @ 37 Days

'B' class signal detected in the S&P 500. Running at an average wavelength of 37 days over 12 iterations since February 2023. Currently peaking

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David F
May 08, 2024
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Sigma-L - Market Cycles
Sigma-L - Market Cycles
S&P 500 - 8th May 2024 | @ 37 Days
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ΣL Cycle Summary

In the context of the larger component around 250 days peaking in global stock markets here is a look at one of the smaller waves in the S&P 500, notably clear over the last 6 months or so and peaking at the time of writing. This is ostensibly the 40 day nominal wave, running at around 37 days average wavelength within our sample taken since February 2023, shown below. Certainly an interesting wave to observe and potentially short at this point due to the larger components starting to push down. The shorter wave may well form an early (left translated) peak within the 80 day nominal wave, our usual subject for analysis over the years and which is also quite stationary. There is some debate as to whether the most recent low of the 80 day nominal wave occurred mid March or mid April, a margin of error which equates to one 40 day component!

A test of the lows made in mid April by the 40 day nominal wave here will be a strong sign of more lows to come and the subsequent trough of the 40 week nominal wave (@ ~ 250 days), due in July. Finally, this shorter wave analysis can be broadly applied to most global stock markets and most certainly those in the US, the only variance being in amplitude (volatility, yield etc.), generally.

Time Frequency Analysis

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