Stocks printed their lowest point on Wednesday, following the day 54 peak. At 60 days, that placed stocks in their timing band for a daily cycle low. While stocks did form a swing low on Thursday, the 701 million selling on strength had us skeptical if a daily cycle low formed.
Stocks dropped on Friday to back tested the declining trend line. Stocks recovered on Monday. While they did not close back above the 10 day MA, stocks continue to develop bullishly. They are close to delivering a TSI bullish zero line crossover, which would provide more evidence that day 60 hosted the DCL.
The Advance-Decline did regain its 10 day MA. There is also a bullish divergence developing on the AD Line and they are leading stocks higher.
And the Semi’s have printed a new high. The Semi’s have been leading stocks and now that they have printed a new high, stocks likely to follow.
Cycle Trading 
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