Stocks dropped 2.12% on Tuesday then went on to close below the 50 day MA on Thursday to signal the daily cycle decline. Since the day 15 high is lower than the July high, that ends the pattern of higher highs. Thursday was day 22, placing… Read on blog or Reader Cycle Trading Read on blog or Reader Stocks Lose The 50 Day MA By likesmoneystudies on September 5, 2024 Stocks dropped 2.12% on Tuesday then went on to close below the 50 day MA on Thursday to signal the daily cycle decline. Since the day 15 high is lower than the July high, that ends the pattern of higher highs. Thursday was day 22, placing stocks in the early part of its timing band for a DCL Stocks could still trend lower for another 5 to 15 days before forming their DCL. Stocks are currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend. Comment Like You can also reply to this email to leave a comment.

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