Cycle Trading

Stocks formed a bullish reversal on Tuesday.

Tuesday was day 30 for the daily equity cycle, placing stocks in their timing band for a DCL. Tuesday’s bullish reversal eases the parameters for forming a daily swing low. Stocks are currently in a daily uptrend. If stocks form a swing low above the lower day cycle band and close above the 10 day MA that will indicate a continuation of their daily uptrend and signal a cycle band buy signal. A break above 4503.31 will form a daly swing low.