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Cycle Trading

Almost Textbook

While we still need confirmation that Wednesday hosted the DCL, the bullish weekly reversal indicates a new intermediate cycle.

This is almost textbook. There are bullish divergences developing on the weekly oscillators. And stocks formed a bullish weekly reversal off of the 200 week MA while being very late in their timing band for an intermediate cycle low. A weekly swing low will signal the new intermediate cycle. A break above 2520.27 forms a weekly swing low.

One response to “Almost Textbook”

  1. Alex Avatar
    Alex

    the long red monthly candle, a yound daily cycle of oil, NYMO at -109 and the need for a quarterly swing high of some indexes and of oil require lower lows for stocks, oil and crb in early Jan (with an ensuing bullish divergence with oscilators, NYMO too).
    the rejection of stock indexes by 10dma on Friday is a signal of this outcome

    Reply

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