A Lower Low

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The lower low today negated the swing low formed off of Monday’s low. Stocks are still declining into a daily cycle low.
spx

A swing low and a close above the lower daily cycle band will signal a new daily cycle.

Gold printed a lower low on Wednesday.

gld

The lower low on day 17 (or day 27) places gold in its timing band for a daily cycle low. A swing low and declining trend line break will signal a new daily cycle.

And if a daily cycle low forms here, that would be a very bullish development. The new daily cycle should then see gold close above the upper daily cycle band. That would signal a new daily uptrend and indicate an end of the gold bear.

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4 thoughts on “A Lower Low

    • I believe that the the daily cycle low in early December will prove to be the yearly cycle low and if so, that will turn out to be the bear market low.

      A daily cycle low here signals a new daily uptrend. The pieces are slowly falling into place.

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