The decline into the day 26 low did not turn the 10 day MA lower, causing the status of the daily cycle to not be clear. Stocks broke bullishly out of consolidation on Friday.   However, stocks formed a swing high on Tuesday, negating Frid… Read on blog or Reader Cycle Trading Read on blog or Reader Stocks Form A Swing high likesmoneystudies March 5 The decline into the day 26 low did not turn the 10 day MA lower, causing the status of the daily cycle to not be clear. Stocks broke bullishly out of consolidation on Friday.   However, stocks formed a swing high on Tuesday, negating Friday's breakout.  Stocks closed back in the consolidation zone and also below the 10 day MA to signal that Tuesday was day 39 for the daily cycle.  That places stocks in their timing band of a DCL.  Any bearish follow through will signal the daily cycle decline.  Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. Comment Like You can also reply to this email to leave a comment.

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