ΣL US Stock Market Composite - 4th April 2024 | @ 77 Days | - 2.51%

Last trade: - 2.51% | 'B' class signal in Sigma-L US stock market composite (Russell 2000, Dow Jones Industrial Average, S&P 500). Avg. wavelength of 77 days since October 2020. Currently troughing

ΣL Cycle Summary

The latest down leg of this shorter component has been largely obscured, such is the sustained bullish power of the prominent 40 week nominal wave, detailed here recently and forming a seemingly right translated price peak. The most recent trough of the wave in focus here, around 77 days, occurred early January and was relatively clear, which helps matters moving forward. I am drawn to an analogy with the rise from October 2020, shown at the start of the charts below and which mirrors the almost linear path of price since October 2023, prior to a pause. Within this pause the shorter component establishes dominance as the power of the larger waves subsides. This is also seen during the period 2022 to October 2023 when price was predominately sideways in nature. This rise and fall in dominance of a shorter component within a larger trend is also seen in the amplitude envelope around the bandpassed region, shown below. Note it’s gentle rise and fall - the influence of the sum of larger components (sigma-l) falling and rising, respectively.

Trade Update

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Sell - ΣL US Stock Market Composite 23rd February, 2024
Entry: 23rd February, 2024
Exit: 4th April, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
DJIA (-0.42%)
S&P 500 (-3.10%)
Russell 2000 (-4.02%)

Composite Average Gain:
- 2.51%

Before and After

Signal comparison between our last report and the current time, in chart format.