Cycle Trading

Stocks formed a bullish reversal on Thursday.

Thursday’s bullish reversal closed above the 10 day MA.

Thursday was day 26 for the daily equity cycle, placing stocks in the early part of its timing band for a DCL. Not only did Thursday’s bullish reversal close above the 10 day MA, but it also closed above the June DCL breakdown level. A swing low and close above the declining trend line will signal the new daily cycle.