ΣL US Stock Market Composite - 13th December 2023 | @ 76 Days | + 13.60%

Last trade: + 13.60% | 'B' class signal in Sigma-L US stock market composite (Russell 2000, Dow Jones Industrial Average, S&P 500). Average wavelength of 76 days since October 2020. Currently peaking.

ΣL Cycle Summary

The move up from October’s low, the previous trough iteration of this component, has been quite spectacular so far in most global markets. Almost linear in it’s path with minimal pullbacks from higher frequency components, the wave is in the process of peaking at the time of writing. Amongst our composite the Russell 2000 slightly outperformed (+14.98%) but variance has been minimal, reflected in the acceptable frequency stationarity shown in the time frequency plot below. The next trough of this component is due mid January 2024.