S&P 500: Hurst Cycles - 30th September 2022

Price continues decline in bear market after brief bounce from the 80 day nominal low. The anticipated 18 month nominal low is almost upon us. In this report we examine the final stages

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Analysis Summary

Price made the 80 day nominal low on the 7th of September and briefly bounced to our target of 4100, before falling rapidly within the first 20 day component. This is typical of the final stages of a larger bearish component, with capitulation increasingly evident. The 20 week component, shown on the time frequency analysis below and an excellent, consistent signal, approaches it’s latest trough iteration imminently.