Cycle Trading

Stocks printed a bullish reversal on Thursday

Stocks managed to close above the upper daily cycle band on Thursday to signal a daily uptrend. If stocks form a swing low above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal. The bullish reversal eases the parameters for forming a swing low. A break above 3460.53 forms a daily swing low. Then a break above the declining trend line will signal that day 20 was a half cycle low.