Hmmmmm.... Another call for a final melt-up. Maybe! We shall see..... I like his cycle work, but have my own system for making trades.
SPY daily: For now I will take it one day at a time. I want to see a confirmed move back above the 10 dma, before I say ALL CLEAR and buy VTI back!
VTI daily: I currently have NO position at Vanguard.
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.
https://likesmoneycycletrading.wordp...sh-reversal-7/
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