Cycle Trading

Stocks remain stretched above the 10 day MA.

Stocks have begun to crawl along the 200 day MA, which is allowing the day 10 MA to catch up to price.

So tonight I wanted to drill down to the 4 hour chart for a different perspective.

The above chart shows us that stocks are consolidating below the 200 MA on the 4 hour chart.

A longer term look at the 4 hour chart shows that a trending move can develop once stocks close above the 200 MA.