Summary
- Stocks are inside the DCL timing band, but confirmation is still pending.
- Regaining the 50 day MA is constructive, but the 10 day MA remains key resistance.
- The daily trend remains down until the upper daily cycle band is reclaimed.
Stocks closed below the 50 day moving average on Tuesday, confirming the daily cycle decline. Tuesday was day 38, placing stocks firmly inside their timing band for a daily cycle low (DCL).
On Wednesday, stocks rallied in response to President Trump backing off the Greenland tariff threat. That rally allowed stocks to form a swing low and close back above the 50 day moving average, putting day 38 on watch as a potential DCL.
Stocks followed through to the upside on Thursday, but remain contained by the declining 10 day moving average. A close above the 10 day moving average is still needed to confirm that the daily cycle low is in place.
For now, stocks remain in a daily downtrend. That downtrend will persist unless price can reclaim the upper daily cycle band.
Looking Ahead
This daily cycle inflection is occurring as stocks move deeper into the second intermediate cycle of the year—a phase where cycle structure and timing begin to matter more. How this daily cycle resolves will help determine whether the intermediate trend stabilizes… or begins to weaken further — which I plan to further discuss in the Weekend Report. https://likesmoneysubscriptionservices.wordpress.com
Cycle Trading 
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