Cycle Trading

Bonds formed a daily swing low on Monday.

Bonds printed their lowest point on Friday, day 60, placing them very deep in its timing band for a DCL.  Monday’s swing low closed above the 50 day MA to signal the new daily cycle. We will use a close above the converging 200 day MA and 10 day MA to label day 60 as the DCL. Bonds are currently in a daily downtrend. They will remain in their daily downtrend unless they close above the upper daily cycle band.