Cycles today: A gallery of charts on U.S. equity markets

It is time. Different perspectives, same story.

A gallery of cyclic price series analysis for the U.S. equity markets.

A story told from different views with the same summary.

---

I expected the last daily up cycle for U.S. equities from January to end in March/April of this year. If you have been following my previous analyses of U.S. equity markets, you know I was wrong. I still have no idea why. I will come back to the reasons for this when I understand the fundamental error. For now the picture seems to be getting clearer.

Check audio version at the bottom of this article. First the charts.

The advanced reader and follower can digest these charts to draw their own conclusions about how to play this game safely. Game on.

Regards,
Lars

---

(1) S&P 500 EW index in Euro vs. European 600 index

This analysis reflects the trending and cyclic behavior between the U.S. major basket and the European basket. The uptrend indicating the premium paid for U.S. compared to Europe has come to an end (or end of the extreme). A larger cycle seems to have ended for the U.S. vs. Europe. We are touching and trying to get back into the old channel. Important resistant - maybe U.S. premium uptrend will not continue.

S&P EW in Euro vs. Stoxx 600 (21. June 2023)

---

(2) Russell 2000 priced in gold with dominant cycle tuned RSI (daily)

Broader market valued in gold instead of the U.S. dollar. Continuous downtrend and now approaching the next extreme cyclic price movement to the upside. Correction expected.

Cyclic-tuned RSI Russell 2000 priced in Gold (21. June 2023)

---

(3) Apple stock price daily - with dominant time cycle and FLD price target projection

Apple stock price has always been a great proxy for cycles analysis on the daily timeframe for the tech sector. The updated cycles analysis shows synchronization between the time-based cycle topping projection (170d cycle) and the future line of demarcation (FLD) price, projection around 182 reached. An alignment of time and price cycles.

Apple daily price chart - time cycle top and FLD price target reached (21. June 2023)

---

(4) Daily S&P 500 daily time-cycles in alignment with cyclic overbought price indicator

Daily cycles analysis for the S&P 500 in general was tough from February to June this year. Today’s analysis reveals these two key cycles shown as composite. I highlighted the points in time when these cycles have been in alignment with major extreme signals from the cyclic-tuned RSI. These alignments indicated key tops in the past.

SP500 daily with time-cycles and price extremes alignment (21. June 2023)

---

---

» Audio version «

---

© 2023 marketcycles.blog, Lars von Thienen, All Rights Reserved. 

Any reproduction, copying, or distribution, in whole or in part, is prohibited without permission from the publisher.

Information contained on this site is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Lars von Thienen “marketcycles.blog” is a publisher of scientific cycle analysis results for global markets and is not an investment advisor. The published analysis is not designed to meet your personal circumstances – we are not financial advisors and do not give personalized financial advice. The opinions and statements contained herein are the sole opinion of the author and are subject to change without notice. It may become outdated and there is no obligation to update any such information. 

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the events that will occur.

Investments should be made only after consulting with your financial advisor and only after reviewing the prospectus or financial statements of the company or companies in question. You shouldn’t make any decision based solely on what you read here.

Neither the publisher, the author nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.