Cycle Trading

Stocks

Stocks had a strong initial thrust out of its ICL that caused them to close above the 50 day MA and has been consolidating there last week. So I want to focus on the weekly chart.

Stocks printed their lowest point week on week 23 to place them in their timing band for an intermediate cycle low. Stocks have formed a weekly swing low, broke above the declining weekly trend line, and closed above the 10 week MA all of which confirms the new intermediate cycle. Stocks are in a weekly uptrend. Since the weekly swing low formed above the upper weekly cycle band, then stocks will remain in their weekly uptrend and this triggers a weekly cycle band buy signal.