Cycle Trading

Stocks formed a swing high on Monday. Stocks are stretched above the 10 day MA and may need to consolidate in order to allow the 10 day MA time to catch up to price. However, Monday was day 28, placing stocks in their timing band for a DCL. A close below the 10 day MA will signal the daily cycle decline. Stocks will then need to turn the 10 day MA lower in order to complete their daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.