Stocks printed their lowest point on week 26, placing the deep in their timing band for an intermediate cycle low.

Stocks broke above the declining weekly trend line to form a weekly swing low last week. This week stocks are delivering bullish follow through and looks as if they will close back above the 10 week MA. Closing above the 10 week MA will have us label week 26 as the ICL. Stocks have been in a weekly uptrend. Forming a weekly swing low and delivering bullish follow through indicates that stocks will remain in their weekly uptrend. And a close above the 10 week MA will trigger a weekly cycle band buy signal.