Stocks formed a swing low today.
Wednesday was day 16 for the daily equity cycle.
With 85 billion a month flooding the market, this maybe all we see for a half cycle low.
Equities sold off 25 points over the past three days.
We have seen before during QE fueled rallies that equities tend to have shallow dips of similar magnitude.
We will have to watch if this becomes a pattern.
Wednesday was day 19 for the daily gold cycle.
Gold is in the timing band to seek out a daily cycle low.
If gold was going to print a left translated daily cycle, today would have been the day to lose the 1600 level.
Instead of rolling over, gold defended the 1600 level.
Gold appears to be gathering itself for one more surge higher.
It looks like gold will break above 1620 and likely test the 50 MA during this daily cycle.
If gold breaks above the 50 MA during this daily cycle that would be a really bullish …
Cycle Trading 
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