Monday was day 33 for the daily cycle. At 33 days, stocks should be seeking out their DCL, instead stocks rallied on Monday.
The bearish divergence on the oscillators point to a pending daily cycle decline.
It is really too late in the daily cycle for any bullish follow through to be sustained. A more likely event would be a marginal break to a new daily cycle high before stocks roll over into their daily cycle decline.
Cycle Trading 
Leave a comment