Seeking Clarity

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We are still waiting on clarity for the daily oil cycle.

oil daily

A break above 50.54 indicates that BREXIT extended the daily cycle low out to 6/27. A break below 45.83 indicates that oil’s daily cycle has failed, which would confirm the intermediate cycle decline.

Stocks clearly rebounded from Tuesday.

o spx daily

Wednesday was day 6 for the daily equity cycle and stocks successfully back tested the 10 day MA. A close above the upper daily cycle band would re-establish the daily uptrend.

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3 thoughts on “Seeking Clarity

  1. typo in your text i assume….. you meant to say 45.83?

    break below 48.83 indicates that oil’s daily cycle has failed,

    Thanks for your work, its great

    BobCat

  2. Pingback: Oil Clarifies | Cycle Trading

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