Prior to Thursday …
Any dips down to the 20 day MA were bought (BTFD).
That changed on Thursday.
Stocks closed convincingly below the 20 day MA on Thursday. At 61 days that means that stocks are now seeking out their daily cycle low. We will be watching the rising 50 day MA for possible support for the DCL to form. With Thursday being day 61, stocks should form their daily cycle low over the next 3 to 5 days. I have concerns for the next daily cycle which I plan to discuss in the Weekend Report. Below is a hint of what I am thinking …
Cycle Trading 
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