Cycle Trading

Stocks formed a daily swing high on Tuesday.

Tuesday was day 31 for the daily equity cycle. That places stocks in their timing band for a daily cycle decline. A break below the daily cycle trend line will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. Daily cycle declines should last 5 to 7 days and turn the 10 day MA lower as stocks seek out their DCL.