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Cycle Trading

Stocks Still Need To Cross The Line

Stocks have formed a weekly swing low.

Last week was week 25. That placed stocks in their timing band for an intermediate cycle low to form. And last week’s weekly bullish engulfing candle combined with this week’s weekly swing low signals that stocks have printed their intermediate cycle low.

Stocks are being suppressed by resistance from the 200 week MA. Stocks will need to close above the 200 week MA before the new intermediate cycle can gain any traction.

2 responses to “Stocks Still Need To Cross The Line”

  1. Koen Avatar
    Koen

    Would you not think that it will be rejected and extender?

    Reply
  2. likesmoneystudies Avatar
    likesmoneystudies

    I think that the intermediate cycle low has formed.
    Rejection by the 200 week MA will extend the intermediate cycle decline.

    Reply

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