Cycle Trading

Bonds closed above the 10 day MA on Monday then delivered bullish follow through on Tuesday.

Bonds printed their lowest point on day 63, placing bonds very deep in its timing band for a DCL. Bonds closed above the resistance from the converging 50 day MA and 200 day MA on Tuesday to confirm day 63 as the DCL. Bonds are currently in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a new daily uptrend.