Stocks formed a swing low on Wednesday.
Stocks printed their lowest point on Tuesday, day 54, placing them very deep in their timing band for a DCL. Stocks formed a swing low on Wednesday. Stocks delivered bullish follow through on Thursday and Friday. Stocks closed above the 10 day MA on Thursday then closed above both the 50 day MA and the declining trend line to confirm day 54 as the DCL so happy days are here again.
Actually, overhead resistance from the 4100 level and the declining 200 day MA are a cause for concern. I have other concerns which I discuss in the Weekend Report.
Cycle Trading 
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