Cycle Trading

The TSX formed a swing low on Wednesday.

The TSX printed its lowest point on Tuesday, day 39. That places the TSX in its timing band for a DCL. So Wednesday’s swing low signals day 1 of the new daily cycle. The TSX also closed back above the upper daily cycle band. Closing back above the upper daily cycle band resumes the daily uptrend and signals a cycle band buy signal. The TSX should remain in its daily uptrend unless it closes below the lower daily cycle band.