US Sectors - 10 March 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 Note: we have abbreviated the text in response to your feedback (since our subscriber base has expanded dramatically, more non-Hurst specialists have come on and feedback has favored the abbreviated text).
In this newsletter we will be presenting a mix of "absolute" and "relative" analyses. The relative analysis presents the sector price relative to SPY.
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Financials SPDR (XLF) - a new 20 week cycle downswing is leaning on price. Fast down continuation expected with time and price target estimates on deck.
- A 20 week cycle peaked in early February and the downswing of this cycle is the current tailwind. Technically the 20 week cycle trough is due in the third week of this month.
- An 80 day FLD cross (not shown on chart) projected down to 34.5 but this was blown through in the session before last. The 20 week FLD has just started being crossed down and we are assuming it will fully cross giving a downside projection to at least 30.7.
- Because the 20 week trough zone is not far away in terms of time, we anticipate a continued fast move down as price tries to catch up to cycle time.