Stocks formed a swing low on Tuesday.
Stocks printed their lowest point on Monday, day 24, which is a bit early to expect a DCL to form. But as we discussed on Monday, stocks have otherwise satisfied the criteria for a DCL. And with stocks being in a daily uptrend, forming a swing low and closing above the 50 day MA indicates a continuation of the daily uptrend and triggers a cycle band buy signal. Therefore we will label day 24 as the DCL. Stocks should go on to break above the 10 day MA and turn it higher as they rally out of their DCL.
Cycle Trading 
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