Stocks formed a failed daily cycle as it declined into its yearly cycle low in late December. As stocks rallied out of the late December low, they closed above the upper daily cycle band on January 18th to begin a daily uptrend.
Stocks printed a daily cycle low on Friday, March 8th. A swing low formed the following Monday to begin the new daily cycle. Since the swing low formed above the upper daily cycle band, that meant that stocks remained in their daily uptrend.
A daily uptrend is characterized by peaks above the upper daily cycle band and swing lows forming above the lower daily cycle band, which is what happened when stocks rallied out of their June cycle low. A close below the lower daily cycle band usually ends the daily uptrend and begins a daily downtrend, which is what happened in October.
So stocks are currently in a daily uptrend. They will remain in their daily uptrend until they close below the lower daily cycle band.
Cycle Trading 
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