Bullish Reversal

Stocks formed a bullish reversal on Friday.

Stocks broke below the day 21 low on Friday to extend their daily cycle decline. Friday was day 30, placing stocks in their timing band for a DCL. Friday’s bullish reversal eases the parameters for forming a swing low. A break above 4375.19 will form a swing low. Then a close above the 10 day MA will signal the new daily cycle. Stocks are in a daily downtrend. They will remain in their daily downtrend unless they can close back above the upper daily cycle band.  

In the Weekend Report I discuss why I expect this to be not only a daily cycle low, but an intermediate cycle low as well. And what I am looking for to signal a final melt-up phase to this bull run.

This week I am offering a special 6 Week Trial Subscription offer for $15. Your 6 week trial subscription you will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily charts for the above mentioned asset classes.

3) The Weekend Updates take a look of the daily & weekly charts of GBTC, DAX, GYX, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

>>> For the special 6 Week Trial Subscription offer for $15. click here.

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