Stocks formed (another) swing low on Thursday.
Stocks printed its lowest point on Wednesday. That was day 32, which places stocks in its timing band for a daily cycle low. The bullish divergences on the oscillators indicate that a DCL is near. Stocks did form two convincing swing lows over the past week but delivered no bullish follow through. We will need to see a swing low accompanied by a close above the 10 day MA in order to signal the daily cycle low. Stocks have been closing below the lower daily cycle band, indicating that stocks are in a daily downtrend. Stocks will remain in their daily downtrend until they can close back above the upper radially cycle band.
Cycle Trading 
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