Cycle Trading

Stocks rallied off support from the 200 day MA on Thursday.

Thursday was day 45, placing stocks deep in their timing band for a DCL.

A swing low and close back above the converging 50 day MA and 10 day MA will signal a new daily cycle. Stocks should then go on to turn the 10 day MA higher and break above the declining trend line as they rally out of their DCL.