ΣL US Stock Market Composite - 7th February 2024 | @ 252 Days
'B' class signal in Sigma-L US stock market composite (Russell 2000, Dow Jones Industrial Average, S&P 500). Average wavelength of 252 days over 13 iterations since April 2015. Currently peaking.
ΣL Cycle Summary
A new addition to Sigma-L, this is the main periodic driver of price in the medium to long term within US stock markets. This feature is also present in other global indices, including the NASDAQ to a greater or lesser degree. Demonstrating sublime stationarity during the period 2016-2020, it was subsequently suppressed within the larger uptrend between 2020 and late 2021. Recently a period of consolidation has once again clarified the wavelength at around 250 days. The move up from the most recent trough in late October 2023 (detailed here via the ubiquitous 80 day wave) has been typified by high amplitude for the up leg, we will now get to see if the amplitude is maintained to the downside. The next trough is anticipated in July for this component with some mild frequency modulation of around 20 days. Note we are a touch early for the anticipated peak at the current wavelength but certainly within the FM error, more detail below. This wave is a worthy addition to the…