We discussed on Tuesday that the drop into the day 33 DCL caused the 10 day MA to drop sharply. And there was is a good possibility that stocks will need to consolidate between the 200 day MA and the 50 day MA to allow the day 10 MA to turn higher.
Stocks formed a swing high on Thursday and now appear to consolidating between the 50 day MA and the 200 day MA. The daily cycle will not likely gain traction until the 10 day MA turns higher and stocks close above the 50 day MA. The converging 200 day MA and 10 day MA can be used as the stop.
Cycle Trading 
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