Cycle Trading

On Tuesday we discussed that while stocks have formed a weekly swing low, they still need to cross the line.

Update: Stocks still need to cross the line

Stocks printed their lowest point on week 25. That places stocks in their timing band for an intermediate cycle low to form. Stocks will need to form a weekly swing low and close above the 200 week MA in order to signal a new weekly cycle. Stocks are currently in a weekly downtrend and will remain so until they can close back above the upper weekly cycle band.