Cycle Trading

Stocks broke below the previous on Tuesday. Breaking below the previous daily cycle low forms a failed daily cycle.

Stocks have been finding support at the 200 day MA this week. Thursday was day 36, placing stocks in their timing band for a DCL. A break above 5812.02 will form a swing low. Then a close above the 10 day MA will signal the new daily cycle. Stocks are currently in a daily downtrend. Stocks will remain in their daily downtrend unless they close back above the upper daily cycle band.

In the Weekend Report I plan to breakdown what the failed daily cycle means in terms of the larger intermediate (weekly) and yearly cycles.