Cycle Trading: A Bullish Case for Stocks
|Today I wanted to point out the bullish case for Stocks
To start the April low was higher than the February low, which is the first step in establishing an uptrend. Next we can see that the momentum oscillators are beginning to trend higher. Stocks also appear to be back testing the recent volatility zone and has, so far, remained above it. Should stocks form a swing off of Monday's candle that would be a bullish development and signal a half cycle low. Then then set thing we would watch for would be a close above the upper daily cycle band which would signal an end to the daily downtrend and the beginning of a new uptrend.
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