Cycle Trading

Stocks formed a weekly swing high last week and are in the process of delivering bearish follow through this week.

This is week 19, placing stocks in the early part of its timing band for an ICL. A close below the 10 week MA will signal the intermediate cycle decline. Stock should then go on to turn the 10 week MA lower as it seeks out its ICL. In the Weekend Report I plan to to a deeper dive on the intermediate cycle decline and also discuss what this means for the longer term, yearly cycle decline.