Cycle Trading

We last left the S&P forming a swing low off the day 45 candle.

We are waiting on a break of the declining trend line to confirm a new daily cycle.

So far in the overnight we are still waiting …

The S&P, The NAS, The DIA and The Russell are all still waiting on a trend line break to confirm new daily cycles. Apparently they are waiting on the FOMC before making a move.

It appears that the Nikkei has jumped the gun …