Cycle Trading

Stocks closed below the 50 day MA on Monday, turning the 10 day MA lower, to signal the daily cycle decline. That was negated on Tuesday.

Stocks formed a swing low on Tuesday. Stocks are currently in a daily uptrend. Forming a swing low above the lower daily cycle band indicates a continuation of the daily uptrend and triggers a cycle band buy signal, using Monday’s low as the stop. Positions can be added to with a close above the 4715 resistance level.