Cycle Trading

In the premarket we discussed the possibility of stocks forming a narrow range day — that has changed.

Stocks are in the process of forming a bullish reversal and have already recovered the 50 day MA. Thursday is day 37, placing stocks in their timing band for a DCL. The odds have shifted to Thursday being the DCL. Confirmation will arrive with a swing low and a close back above the 10 day MA — which will be at a higher price.