Stocks have been coiling in front of Wednesday’s FOMC Meeting.
There will be a lot of focus on any hints of when a potential rate cut to occur. Often times there is an initial reaction and then that reaction gets reversed. Currently, stocks are in a daily uptrend. A bullish close above consolidation will indicate a continuation of its daily uptrend and signal a cycle band buy signal. A bearish break out of consolidation and a close below the 10 day MA could be used as a stop.
Cycle Trading 
Leave a comment