Cycle Trading

The day 53 DCL did not break below the previous DCL to form a failed daily cycle. Typically a failed daily cycle is needed to complete the intermediate cycle decline

It has been 24 weeks since the last recognizable intermediate cycle low. Stocks were rejected by the 50 day MA on day 7 to set up a potential left translated daily cycle formation. Stocks are now running into trend line resistance. If stocks are rejected by the declining trend line and close back below the 200 day MA that will indicate that stocks are declining into the daily cycle/intermediate cycle low. And with Tuesday being only day 11, stocks could trend lower for the next 3 to 5 weeks before forming the pending DCL/ICL.