Cycle Trading

Stocks broke bearishly out of consolidation on Wednesday. They delivered bearish follow through on Thursday, closing below the 10 day MA.

Thursday was day 13 for the daily equity cycle. With the current peak is on day 10, closing below the 10 day MA sets stocks up for a left translated daily cycle formation. A close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend.