News of a 90 pause on tariffs between the US and China sent stocks soaring on Monday. “The S&P 500 (^GSPC) soared nearly 3.3% to its highest level since March 3. The Dow Jones Industrial Average (^DJI) gained 2.8%, or more than 1,100 points. The tech-heavy Nasdaq Composite (^IXIC) led gains, rocketing up 4.3%.”
Stocks broke bullishly out of consolidation on Monday to close above the 200 day MA. Stocks are currently in a daily uptrend. Closing above the 200 day MA indicates a continuation of its daily uptrend and signals a cycle band buy signal. Stops can be set at the 200 day MA.
Cycle Trading 
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