ΣL Lithium Composite - 6th January 2024 | @ 159 Days
'B' class signal in Sigma-L lithium composite (ALB, PLL, LAC, SQM, LIT, LITP, BATT, REMX). Average wavelength of 159 days since March 2022 from 7 iterations. Currently troughing
ΣL Cycle Summary
This is a cycle we have observed for some time; now is the time to publish some detail for the coming months as a trough beckons. A wave around 150-160 days average wavelength defines the movement within the underlying trend, in addition to the shorter wavelength around 75-80 days, which is not as powerful (but still very profitable). Indeed this metal exhibits much the same spectral properties as Uranium, which itself is near to a trough of the component at 150 days average wavelength. Clearly these two metals share commonality when it comes to dominant cycles within their price movement.
The instruments which comprise the composite here (ALB, PLL, LAC, SQM, LIT, LITP, BATT, REMX) have similar levels of volatility, making for a consistent phasing across the sector.