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Cycle Trading

Stocks Crossed The Next Line

The intermediate cycle continues to develop bullishly.

After being held back by the 200 week MA on week 1, stocks formed a weekly swing low and closed above 200 week MA and the the declining weekly trend line on week 2. This week they delivered bullish follow through by closing above the 10 week MA. Stocks could test the 50 week MA before declining into their first daily cycle low.

2 responses to “Stocks Crossed The Next Line”

  1. daniele Avatar
    daniele

    Hi i think you were meaning “This week they delivered bullish follow through by closing above the 10 week MA” and not 50MA at 2994ish.Correctr?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Yes, thank you
      Fixed
      LM

      Reply

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