Stocks formed a swing low on Thursday.
Stocks printed their lowest point on Wednesday,d ay 43, placing them late in their timing band for a DCL. Thursday’s swing low has good odds of marking the DCL. Stocks should close above the 10 day MA and then go on to break above the declining trend line as they rally out of their DCL.
I do have a concern over how RSI 05 embedded in oversold during this daily cycle decline. I plan to discuss this further in the Weekend Report.
Cycle Trading 
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