Stocks printed a bullish reversal on Thursday.
Thursday was day 36 for the daily equity cycle, placing stocks are in their timing band for a daily cycle low. There has also been a tremendous amount of Buying on Weakness over the past week. The over 1.8 billion Buying on Weakness signals that the daily cycle low is near. So there are good odds that a swing low will mark the daily cycle low. Then a close above the 10 day MA will have us label day 36 as the daily cycle low.
What happened to ur nymo blast a months ago? Once it clears the weekly on a tsi 13,7,7….then let’s talk.
Interestingly the NYMO still shows a bullish divergence.
And now we are seeing violent swings similar to the 2016 low.
3 more days before the low is formed, day 39.
an upswing should come to trick us the DCL/MYCL is set but such oversold condition requires lower low.
This is corroborated by WTIC oil still early in its DC, day 15, while oil, crb and stocks have correlated their MYCLs.
Then this month has too looong a red candle and MYCLs have been set in just one month only during a crash (see 1987), not in a churning lower low market.
Then we also need a quarterly swing high – many indexes set their MYCHs during this quarter.
Conclusion: bottoms in early January; oil at some 42.
…by the way, the NYMO will print a bullish divergence from now till early Jan
weekly TSI (10,7,7) or (13,7,7) for the SPY. That’s the gospel. Or look at the weekly cumulative on $NYAD. Also, look at the $BPNYA too.
Cycle Trading 
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