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Read more: XLE Bearish Reversal Leads To Daily Cycle DeclinePRE-SUMMARY XLE signaled a daily cycle decline after breaking below the 10 day MA. XLE formed a bearish reversal last week on Wednesday, day 23. XLE then formed a swing high on Thursday and delivered bearish follow through on Tuesday. Tuesday’s decline pushed XLE below the 10 day moving average, signaling the daily cycle decline.…
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Read more: BTC Reclaims Support As DCL Scenario BuildsBTC reversed back above the 50 day MA after briefly breaking below the lower daily cycle band. A close above the 10 day MA would support labeling day 55 as the DCL.
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Read more: Gold Attempting To Stabilize Near 4500 SupportGold formed a swing low after printing a low on day 41 deep in its timing band. Reclaiming the 10 day MA and 50 day MA would strengthen the case for a new daily cycle low.
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