Cycle Trading

Stocks recovered the converging 10 day MA and 50 day MA on Monday.

Stocks are currently in a daily uptrend. Since stocks formed a swing low above the lower daily cycle band on Friday, closing above both the 10 day MA and 50 day MA indicates a continuation of the daily uptrend and signals a cycle band buy signal. A break above the day 10 high of 4541.25 will shift the odds towards a right translated daily cycle formation.