Stocks printed their lowest point on Monday, day 53. That places them very deep in their timing band for a DCL. Tuesday’s swing low signals a new daily cycle.
While stocks formed a swing low on Tuesday, they are facing overhead resistance from the 200 day MA, the 10 day MA, and the 50 day MA. We will need to see a close above to 10 day MA in order to label day 53 as the DCL. However, no trending move will be able to gain any traction until stocks can close above all 3 MA’s. In the Weekend Report I plan to discuss the possibility that stocks still need to complete their intermediate cycle decline.
Cycle Trading 
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