Still Seeking A Bottom

Stocks printed their lowest point on Monday.

Monday was day 33 for the daily equity cycle, placing stocks in their timing band for a DCL. While stocks did form a swing low on Wednesday, they remain contained by the 200 day MA. With the 10 day MA converging on the 200 day MA, we will need to see a close above both the 200 day MA and the 10 day MA to signal a new daily cycle.  

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