Eurostoxx 50 Index - 2 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
An 80 day cycle probably just topped, looking for 80 day cycle trough next.
Eurostoxx is at a crux point. A sharp drawdown, similar to that of most major equity indices, has just posted and we are now hovering just above the 80 day FLD and the upsloping 40 day VTL. We need one of these to be broken down by price to confirm that the 27 September high is the 80 day cycle peak.
