Stocks Deliver Bearish Signal

August 30, 2018

Stocks delivered a bearish signal by forming a daily swing high on Thursday to set up a decline into a daily cycle low.

There is some uncertainty with the status of the daily equity cycle. I am in the camp that stocks hosted a mild DCL on day 33. Under this scenario, stocks would be in their 5th daily cycle. And a swing high on day 11 signals a left translated daily cycle formation. That would align with stocks being at 29 weeks for the intermediate cycle and being in their timing band for an intermediate cycle decline.

If day 33 was not the DCL, then that would make Thursday day 44 placing stocks late in their timing band for a daily cycle low. Therefore Thursday’s swing high has good odds of sending stocks into their daily cycle decline.

One response to “Stocks Deliver Bearish Signal”

ttsden

August 30, 2018

Hi buddy

Many Thanks for your posts, really helpful However you are too eager to make the big call, so that you have been too early lately . Try to be patient and then make that Quality call – you will be remembered for. As you know that cannot happen every day.

Sorry to intrude. Bur believe you me as have been involved in Banking Stockbroking Futures markets since 1965. Now am a Markets. Inc. tutor just 74 years old but aim to keep going on to prevent onset of senility! ha..ha.. Take care . Tony

ps what’s your email address.

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