Stocks formed a weekly swing low this week and closed back above the 50 week MA.
Stocks printed their lowest point on week 31, placing them deep in their timing band for an ICL. Closing back above the 50 week moving average signals week 31 as the ICL. We would need to see a close above the 10 week MA in order to label week 31 as the ICL.
In The Weekend Report I discuss why this is important and how it relates to the yearly cycle decline and the pending multi year cycle decline.
Cycle Trading 
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