Cycle Trading

Stocks formed a daly swing low on Monday.

Stocks printed their lowest point on Friday, day 33, placing them in their timing band for a daily cycle low. Stocks found support at the rising 50 day MA on Friday and forms a daily swing low on Monday. Stocks are currently in a daily uptrend. A close back above the 10 day MA will indicate a continuation of the daily uptrend and signal a cycle band buy signal.

In the Weeknd Report I plan to discuss where stocks are on the longer term, intermediate cycle, and expectations going forward.