TASI Index (Saudi Arabia) 20 week cycle low here? - 10 August 2023

Analysis & Learning Aug 10, 2023

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  

TASI Index - potentially reversing out of 20 week trough.

The 20 week cycle has clearly peaked, but the next 20 week cycle trough looks to be upon us now with decent upside recovery potential.  At this stage the broad outlook is for a retest somewhat shy of the 80 day VTL circa 12,000 into the start of September.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.