Recent Posts
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Read more: Stocks Caught Between Support and ResistanceStocks are consolidating between the 10 day and 50 day moving averages as competing cycle scenarios develop. The next breakout should help determine whether a failed daily cycle is forming or a new daily cycle low is already in place.
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Read more: Bearish Reversal at Resistance Hints at a Daily Cycle DeclineThe Dollar is forming a bearish reversal below 100.20 resistance while cycle counts remain unresolved. A close below the 10 day moving average would signal a daily cycle decline and favor the view that the current cycle remains extended.
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Read more: Stocks Fail to Break Key SupportStocks extended lower on Tuesday but reversed from support at a previous most traded zone and above the 50 day moving average. A move above 7483.15 would form a swing low and strengthen the case that a daily cycle low is forming.
Cycle Trading 