Daily Uptrend

Stocks formed a swing low on Friday then closed  above the 10 day MA on Monday to signal the new daily cycle. 

Stocks are now 25 weeks into their intermediate cycle, which means that they are in their timing band for an intermediate cycle decline. So we need to watch for signs that stocks are continuing their intermediate cycle advance. If RSI 05 becomes embedded again in overbought that would signal a continuation of the intermediate cycle advance. A quick bearish reversal would indicate a more suspicious outlook.

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