Cycle Trading

Stocks form a daily swing low on Tuesday.

Stocks printed their lowest point on Monday, day 35. While that places them in their timing band for a daily cycle low, stocks should have turned the day 10 MA lower in order to complete their DCL. However, stocks did close back above the 10 day MA. Stocks are currently in a daily uptrend and they formed a swing low above the upper daily cycle band. If stocks deliver any bullish follow through that will indicate a continuation of the daily uptrend and signal a cycle band buy signal — in which we would then label day 35 as the DCL.