Cycle Trading

Stocks closed above the 200 week MA.

Stocks printed their lowest point on week 25 to place them in their timing band for an intermediate cycle low to form. Closing above the 200 week MA confirms the new intermediate cycle. Stocks should go on to close above the 10 week MA and turn it higher as it rallies out of its ICL. Stocks are currently in a weekly downtrend and will remain so until they can close back above the upper weekly cycle band. A full breakdown of daily equity cycle can be found here.