Stocks printed their lowest point on Wednesday, day 29, placing them in the early part of its timing band for a DCL. While stocks formed a swing low on Thursday, I am not convinced that the daily cycle low has formed.
Some of the things that I look for to mark the daily cycle low include:
- Timing Band
- 7-15 day correction
- 10 day MA turning lower
- RSI 05 oversold
- Bollinger Band Crash
While stocks are in the early part of their timing band for a DCL, the other criteria has not been met. Stocks are currently in a daily uptrend. A break above the declining trend line will signal a continuation of the daily uptrend and trigger a cycle band buy signal — in which we would then label day 29 as the DCL.
Cycle Trading 
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