Recent Posts
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Read more: The Dollar Signals an Early DCLThe Dollar formed a swing low and closed above the 10-day MA to signal Day 17 as an early DCL. The new daily cycle is underway, but the Dollar remains in a daily downtrend.
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Read more: XLE Signals Its DCL as the Weekly Structure ImprovesPre-Summary XLE formed a swing low and closed back above the 10 day MA on Monday to signal Day 26 as the DCL. Bullish follow-through on Tuesday strengthens the new daily cycle as the weekly structure also begins to improve. XLE broke below the Day 23 low on Friday to extend its daily cycle decline.…
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Read more: Stocks Consolidate After Breaking Above 7600Stocks broke bullishly above 7600 before becoming stretched above the 10 day MA. The current consolidation is allowing the 10 day MA time to catch up to price while the daily uptrend remains intact.
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