Cycle Trading

Stocks printed a new daily cycle high on Tuesday.  

A new on day 23 shifts the odds towards a right translated daily cycle formation. That aligns with stocks currently being in a daily uptrend. However, stocks are now stretched above the 10 day MA. Stocks have been consolidating the past 4 days, which is allowing the 10 day MA to catch up to price.  Stocks are currently in a daily uptrend.  A bullish break out of consolidation will indicate a continuation of the daily uptrend and signal a cycle band buy signal.  But a bearish break out of consolidation could send stocks to seek out its DCL.