Daily Cycle Timing Band

0

Tuesday was day 31 for the daily equity cycle and stocks printed a new high.

spx

Stocks have long since locked in a right translated daily cycle formation. But at 31 days, stocks have entered their timing band to seek out a daily cycle low. And Tuesday’s narrow range day has eased the parameters for forming a daily swing high. A break below 2178.61 will form a daily swing high. Then a break below the daily cycle trend line will confirm the daily cycle decline.

Biotech appears to have already started their daily cycle decline.

ibb

IBB has formed a daily swing high following the day 27 peak. Tuesday’s break of daily cycle trend line signals that biotech has begun its daily cycle decline.

Both stocks and biotech are in a daily uptrends. They will remain in a daily uptrends unless they closes below their respective lower daily cycle bands.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s