Trump’s tariff negotiations over the weekend sent stocks lower on Monday, breaking below the 50 day MA.
Stocks formed a swing low and closed above the 50 day MA on Tuesday. Stocks delivered bullish follow through by closing above the 10 day MA on Wednesday and higher again on Thursday. Stocks are currently in a daily uptrend. Forming a swing low above the lower daily cycle band and closing back above the 10 day MA indicates a continuation of its daily uptrend and signals a cycle band buy signal. Stocks will need to break above the day 8 high of 6128.18 in order for a right translated daily cycle formation.
Cycle Trading 
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