There is uncertainty regarding the 20-day cycle trough's exact timing. The average length for this cycle is 17 days. Positioning the trough on August 22 aligns better with the 40-day cycle, which should be forming around September 9.
In the NASDAQ, similar trends are observed. The crest of the red dashed line of the Hurst Cycle Composite is around Quadruple Witching Friday, September 20 ± a few trading days.
Reference:
David Hickson (September 9, 2024) - The 40-Day Trough - Hurst Cycles Market Update. (video)
David Hickson (September 9, 2024) - The 40-Day Trough - Hurst Cycles Market Update. (video)
See also: