Cycle Trading

Stocks got rejected on Friday.

After getting DeepSeek-ed on Monday, stocks managed to crawl up the 10 day MA into Friday. But ran into resistance at the 6100 level on Friday. Stocks are currently in a daily uptrend.  A bullish break out above the 6100 resistance level will indicate a continuation of its daily uptrend and signal a cycle band buy signal. However, looking at the chart– there are more red candles then white candles over the past month. Any bearish follow through would set stocks up for a left translated daily cycle formation. A close below the 50 day MA would signal the daily cycle decline. A close back below the 50 day MA would also signal that week 23 was not the ICL – which I break down further in the Weekend Report.