Stocks formed a daily swing low on Monday.
Stocks printed their lowest point on Friday, day 41, placing them deep in their timing band for a DCL. Stocks formed a swing low off support from the 200 day MA and managed to close above the 50 day MA so we will label day 41 as the DCL.
Stocks should go on to close above the 10 day MA and turn it higher as it rallies out of its DCL. But stocks may need to consolidate for a few days, like they did back in late December, before the rally gains any traction.
Stocks are now on week 20 of the intermediate cycle and already in a daily downtrend. That shifts the odds towards the new daily cycle left translating in order to usher in the pending intermediate cycle low.
Cycle Trading 
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