Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL US Stock Market Composite - 17th May 2024 | @ 77 Days | + 2.87%
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ΣL US Stock Market Composite - 17th May 2024 | @ 77 Days | + 2.87%

Last trade: + 2.87% | 'B' class signal in Sigma-L US stock market composite (Russell 2000, Dow Jones Industrial Average, S&P 500). Avg. wavelength of 77 days since October 2020. Currently peaking

David F's avatar
David F
May 17, 2024
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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL US Stock Market Composite - 17th May 2024 | @ 77 Days | + 2.87%
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ΣL Cycle Summary

A strong reversal into the most recent trough for this component across our US market composite has solidified the phasing of the wave, due to the increased amplitude. This comes after the rather linear up move since October, courtesy of the 40 week nominal wave, troughing at that point and which threatened to almost totally attenuate the the smaller wave in the uptrend. We now approach a peak of the 80 day nominal wave (@ ~ 77 days) after a strong retest of what is likely the 40 week nominal wave peak, made in late March 2024. A move to test the lows of mid April by the 40 day nominal wave, featured recently on Sigma-L via the S&P 500, would be a bearish sign. A higher low for the 40 day nominal wave, due to trough late May, would render the outlook more neutral, for now.

Trade Update

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Buy - ΣL US Stock Market Composite 4th April 2024
Entry: 4th April, 2024
Exit: 17th May, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
DJIA (3.46%)
S&P 500 (2.92%)
Russell 2000 (2.25%)

Composite Average Gain:
2.87%

Time Frequency Analysis

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