Stocks printed their lowest point on day 35, which placed them in their timing band for a DCL. Stocks formed a swing low and closed back above the 10 day MA on Thursday. With stocks currently in a daily uptrend, we were waiting on a bullish break out of consolidation to indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 35 as the DCL.
Stocks did breakout and closed at a new all-time high. However, stocks formed a bearish reversal and there are bearish divergences developing on the oscillators which questions if day 35 was the DCL. A swing high with a close back in the trading box will signal that stocks are declining into their daily cycle low.
Cycle Trading 
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