Buy The Dip

Stocks formed a bullish reversal on Thursday.

Stocks printed their lowest point on Thursday, following the day 40 peak. Thursday was day 43, placing stocks in their timing and for a DCL. Thursday’s bullish reversal eases the parameters for forming a swing low. A break above 4418.61 will form a swing low. Then a close back above the 10 day MA will signal a new daily cycle. Stocks are currently in a daily uptrend. If stocks form a swing low above the lower daily cycle band then they will remain in their daily uptrend and trigger a cycle band buy signal.

2 thoughts on “Buy The Dip

  1. The YC decline has started, see at NYSE, Transports, XLY, Russell 2k.
    Any advance should be muted and temporarily determined solely by Jackson Hole Symp în 1w.

    • Stocks are overdue for a yearly cycle decline. However, stocks are in a daily, weekly, and yearly uptrend. The YCL decline cannot begin until stocks enter into a daily cycle downtrend, followed by the weekly cycle downtrend.

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