On Tuesday we discussed how stocks retraced to backtest their breakout from the election.
We watching for a swing low and close back above the 10 day MA.
Which is what happened.
Stocks are currently in a daily uptrend. Closing back above the 10 day MA indicates a continuation of their daily uptrend and signals a cycle band buy signal. A break above the day 5 high of 6017.31 will assure us of a right translated daily cycle formation.
Cycle Trading 
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