Stocks formed a bullish reversal on Tuesday.
Stocks have been in an intermediate cycle advance that have been characterized by RSI 05 embedding in overbought and quick bullish reversals once oversold. RSI did get oversold at the low of the day on Tuesday. RSI formed a quick bullish reversal out of oversold signaling that stocks will continue their intermediate cycle advance. And a bullish break of the daily cycle trend line …
… would indicate that the bulls are ready to run.
Cycle Trading 
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