Stocks have been consolidating below the 4140 resistance level going on 7 weeks, which has obscured our daily cycle count.
A break above the resistance zone along with some bullish follow through will have us label day 36 as the DCL. But the longer stocks remain below the resistance zone the more this looks like a stretched daily cycle. A bearish break out of consolidation will signal a stretched daily cycle, which would make Tuesday day 44.
Cycle Trading 
Leave a comment