Cycle Trading

Stocks were rejected by the 10 day MA on Wednesday. 

If stocks closed below the 50 day MA that would have signaled the daily cycle decline.  Instead, stocks formed a bullish reversal off of support from the 50 day MA on Thursday.  Stocks are currently in 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.  A break above 3919.54 will from a swing low.

If stocks break above the declining trend line and close above 3940 resistance level then stocks will resume their intermediate cycle advance.