Cycle Trading

Stocks delivered a bullish follow through day on Friday.

Stocks printed its lowest point on day 39, placing it in its timing band for a DCL. Stocks rallied close to 5% on day 39 to signal not only a DCL, but an ICL as well. Stocks delivered a bullish follow through day on Friday, rallying for 3.43%. This not only confirms the daily cycle low, but the intermediate cycle low as well. Stocks are still in a daily downtrend. They will remain in its downtrend until they close above the upper daily cycle band.