Stocks formed a swing low on Thursday.

Stocks printed their lowest point on Wednesday, day 65, placing them deep in their timing band for a DCL. Thursday’s swing low signals the new daily cycle. Stocks are currently in a daily uptrend. If stocks can close back above the 10 day MA that will indicate a continuation of its tail uptrend and signal a cycle band buy signal.

However, I do have longer term concerns that I will cover in the Weekend Report. But here is a hint.