Cycle Trading

Bonds formed a daily swing high on Monday.

Since emerging from its late October DCL bonds have rallied for 7 weeks. Monday was day 39 placing bonds deep in its timing band for a daily cycle low. A close below the 10 day MA will signal the daily cycle decline. Bonds are currently in a daily uptrend. Bonds will remain in its daily uptrend unless it closes below the lower dialy cycle band.