Cycle Trading

Stocks printed their lowest point on Tuesday, day 31, placing them in their timing band for a daily cycle low. Stocks have begun to consolidate, perhaps waiting on Friday’s Jobs Report.

If the market likes the jobs number, that will send send stocks higher. A swing low and close above the 10 day MA will signal the new daily cycle. A break above 4261.15 will form a daily swing low. But a bearish break out of consolidation will extend the daily cycle decline.