VanEck Steel ETF (SLX) - 11th November 2024 | @ 162 Days
'A' class signal detected in the VanEck Steel ETF (SLX). Running at an average wavelength of 162 days over 12 iterations since May 2019. Currently peaking
ΣL Cycle Summary
This exemplary, stationary wave, similar to the ~ 150 day component in Copper that we recently published, has punctuated the underlying trend in our steel proxy, SLX, for many years now. Currently phased as peaking with the next incoming low due early February 2025. One to definitely track next year for exposure to this common metal/commodity.