Cycle Trading

Stocks formed a bullish reversal on Thursday.

Stocks formed a bullish reversal off of support from the 50 day MA. Thursday was day 43 for the daily equity cycle. Only 3 of the previous 14 daily cycles stretched past 43 days so stocks are in their timing band for a daily cycle low. If stocks can form a swing low here it will have very good odds of marking the daily cycle low. A break above 2875.97 forms. a daily swing low.

The peak on day 37 locks in a right translated daily cycle formation which aligns with stocks being in a daily uptrend. If a swing low can form above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal