Daily Cycle Decline

Stocks closed below the 10 day MA on Friday.

Friday was day 48, placing stocks deep in their timing band for a DCL. Closing below the 10 day MA signals the daily cycle decline. Stocks should break below the day 44 low of 5091.14 and turn the 10 day MA lower in order to complete its daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.