Stocks printed their lowest point on day 53, placing them very deep in their timing band for a DCL. Stocks formed a swing low on Tuesday. Resistance at the converging 200 day MA and the 10 day MA caused stocks to retrace a bit on Wednesday.
Stocks rallied on Thursday, closing above both the 200 day MA and the declining 10 day MA so we will label day 53 as the DCL. Stocks will still need to close above the 50 day MA in order for any rally to be sustained. Stocks are in a daily downtrend. They will remain so unless they can close back above the upper daily cycle band.
Cycle Trading 
Leave a comment