Cycle Trading

Stocks rallied on Tuesday to print a higher daily cycle high.

This has caused stocks to form a weekly swing low.

Stocks printed their lowest point last week. At 38 weeks, that places stocks deep in their timing band for an intermediate cycle low. Stocks have already confirmed a new daily cycle. And now that stocks have formed a weekly swing low, it increases the odds that week 38 hosted the ICL.

The first daily cycle should form as a right translated daily cycle, which means that the daily cycle should peak after day 20. With Tuesday being only day 6, that leaves stocks at least 3 more weeks to go before expecting the daily cycle to peak.