Cycle Trading

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.