XLE closed above the 10 day MA on Monday.
XLE printed its lowest point on day 26, placing it in the early part of its timing band for a DCL. XLE formed a swing low on Thursday then recovered of the 85.47 breakdown level on Friday to signal a new daily cycle. Closing above the 10 day MA allows us to label day 26 as the DCL. XLE is currently in a daily downtrend. XLE will remain in its daily downtrend unless it closes above the upper daily cycle band.
Cycle Trading 
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