EUSTOXX 50 - 2nd November 2023 | @ 238 Days | -4.15%

Last trade: -4.15% | Signal detected in EUSTOXX 50. Average wavelength of 238 days over 9 iterations since January 2017. Signal retired.

ΣL Cycle Summary

This is a nice example of the effect of amplitude AND frequency modulation for this wave. Ostensibly the 40 week ‘nominal’ component, it has lost almost total power in the most recent couple of iterations, rendering the phasing uncertain. It was superbly stationary from the start of our sample in 2017 until mid 2023. At this point the la…