[New post] More Bearish Follow Through

likesmoneystudies posted: " Stocks formed a daily swing high on Wednesday then delivered bearish follow through into Friday, closing below the 200 day MA. The peak on day 10 sets stocks up for a left translated daily cycle formation. Stocks are currently in a daily downt" Cycle Trading More Bearish Follow Through likesmoneystudies Oct 21 Stocks formed a daily swing high on Wednesday then delivered bearish follow through into Friday, closing below the 200 day MA. The peak on day 10 sets stocks up for a left translated daily cycle formation. Stocks are currently in a daily downtrend. Closing below the 200 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal. A break below the previous DCL of 4216.45 will form a failed daily cycle. A failed daily cycle will extend the intermediate cycle decline. In the Weekend Report I discuss the implications of this and what it means for the yearly cycle and the 4 year cycle. Comment Like You can also reply to this email to leave a comment. Manage your email settings or unsubscribe. Trouble clicking? Copy and paste this URL into your browser: http://likesmoneycycletrading.blog/2023/10/21/more-bearish-follow-through-2/

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