We discussed on Monday how stocks delivered bearish follow through after forming a swing high on Friday. Stocks delivered more bearish follow through on Thursday.
Thursday was day 31, placing stocks in their timing band for a DCL. Stocks closed below the 10 day MA on Thursday to signal the daily cycle decline. Stocks should go on to break below the daily cycle trend line and turn the 10 day MA lower as they seek out their DCL. We to will need to keep on eye on both the rising 50 day MA and the 200 day MA as possible support for a DCL. Stocks are currently in a daily uptrend. If stocks form a swing low above the lower daily cycle band then that would indicate a continuation of the daily uptrend and signal a cycle band buy signal.
Cycle Trading 
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