Cycle Trading

Stocks formed a swing high and dropped 2.71% on day 28 to signal the daily cycle decline.

Stocks have since been consolidating between the 50 day MA and the 10 day MA.  A swing low with a close above the 10 day MA will signal day 28 as the DCL.  A break above 6762.40 will form a swing low.  But a break below 6550.76 will extend the daily cycle decline. 

Stocks are currently in a daily downtrend. Stocks will remain in their daily downtrend unless they close above the upper daily cycle band.