#cycle decline

Summary Stocks formed a swing low on Thursday after closing below the 50 day moving average on Wednesday Day 12 peak suggests left-translated cycle remains a threat Bulls must reclaim and hold the 10 day moving average Failure to do so risks resuming the daily downtrend A close back under the 50 day moving average would trigger a cycle band sell signal Stocks broke bearishly out of…

The Miners formed a swing high and closed below the 10 day MA on Friday, signaling the daily cycle decline. That bearish setup was confirmed as the Miners followed through with a sharp 9.42% drop on Tuesday. Tuesday marked day 23, placing the Miners in the early part of their timing band for a DCL. From a cycle perspective, this is the window where we typically look for signs of stabilization.…

After dropping 2.71% on Friday to signal the daily cycle decline, stocks rallied on Monday. Friday was day 28, placing stocks in their timing band for a DCL. Stocks closed below the 10 day MA and turned the 10 day MA lower on Friday so technically stocks “did enough” for a DCL to form. Stocks will need to form a swing low and close back above the 10 day MA in order to label day 28 as the DCL.…

Gold broke below the daily cycle trend line today signaling a daily cycle decline.

The big 3 plus percent drop also brought gold below the previous daily cycle low confirming the intermediate cycle decline. Gold’s timing band runs from day 18 – day 28…