Cycle Trading

Stocks broke below the daily cycle trend line on Wednesday to confirm the daily cycle decline,

The daily equity cycle peaked on day 43 then formed a swing high on Tues, day 45. A peak on day 43 locks in an extremely right translated daily cycle formation which does not leave much time for a daily cycle decline. Stocks are deep in their timing band for a DCL. Therefore a swing low & close back above the 10 day MA will signal a new daily cycle.

Stocks are in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.