We discussed at XLE on Monday. At that time, XLE formed a bullish reversal off support from the 200 day MA. XLE formed a swing low on Tuesday then closed above the 10 day MA on both Wednesday and Thursday. XLE is currently in a daily uptrend. Forming a swing low and closing back above the 10 day MA indicates a continuation of its daily uptrend and signal a cycle band buy signal — so we will label day 19 as an early DCL.
Cycle Trading 
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