DAX - 17th January 2024 | @ 77 Days | + 2.36%
Last trade: + 2.36% | 'B' class signal detected in the German DAX. Running at an average wavelength of 77 days over 13 iterations since July 2021. Currently troughing
ΣL Cycle Summary
The main german equity measure moved up strongly, in concert with other global indices, through the latter part of 2023, culminating in a peak early December. That peak has produced a very mild sideways move in the majority of stock markets, the DAX being no different here. At the current wavelength of this prominent component we can expect the next peak mid-late February. Probably accompanied by some increased volatility as we approach it.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - DAX 11th December 2023
Entry: 11th December 2023 @ 16794.43
Exit: 17th January 2024 @ 16398.50
Gain: 2.36%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 76.85 Days
Completed Iterations: 13
Component Yield Over Sample: 74.97% - learn more