Cycle Trading

Stocks formed a bullish reversal on Thursday.

Stocks printed their lowest point on Thursday, following the day 40 peak. Thursday was day 43, placing stocks in their timing and for a DCL. Thursday’s bullish reversal eases the parameters for forming a swing low. A break above 4418.61 will form a swing low. Then a close back above the 10 day MA will signal a new daily cycle. Stocks are currently in a daily uptrend. If stocks form a swing low above the lower daily cycle band then they will remain in their daily uptrend and trigger a cycle band buy signal.