Stocks printed their lowest point on Friday, day 18, which is too early to expect the DCL to form.
Stocks closed above the 10 day MA on Wednesday. Stocks delivered bullish follow through by closing above the 200 day MA on Thursday, turning the 10 day MA higher, to signal that day 18 was an early DCL. Stocks are now approaching the declining 50 day MA.
Stocks were rejected by the 50 day MA the previous 2 times that they tested it. While some resistance is to be expected, successfully closing above the 50 day MA would be a change of character and would indicate that stocks have begun their intermediate cycle advance. Which I plan to breakdown in the Weekend Report.
Cycle Trading 
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