Cycle Trading

Stocks are going through a volatile bottoming phase.

Stocks lost the 50 day MA on Wednesday, regained it on Thursday, lost it again on Friday and then regained it again on Monday. Stocks also formed a swing low on Monday. With stocks are in their timing band for a DCL, a close above the 10 day MA will signal a new daily cycle.

Stocks are heading into the most bullish time of the year. If stocks can quickly breakout above the all-time high of 4743.83, that could trigger a melt-up phase.