Stocks have been consolidating below the 4140 resistance level going on 7 weeks, which has obscured our daily cycle count – until Wednesday.
Stocks broke bullishly out of consolidation on Wednesday. Then delivered bullish follow through on Thursday. We will use this to label day 36 as the DCL – which makes Thursday – day 10 of the new daily cycle. Stocks are currently in a daily uptrend. Breaking bullishly out of consolidation indicates a continuation of the daily uptrend and signals a cycle band buy signal.
Cycle Trading 
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