Daily Cycle Low

Stocks formed a daily swing low on Monday.

Stocks printed their lowest point on day 33, placing them in their timing band for a DCL. Monday’s swing low signals a new daily cycle. Stocks are currently in a daily uptrend. A close above the 10 day MA will indicate a continuation of their daily uptrend and signal a cycle band buy signal — in which we will then label day 33 as the DCL.

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