Cycle Trading: Sell Signals Accumulate
|Stocks printed a higher high on Tuesday.
Tuesday was day 27 for the daily equity cycle, placing stocks three days shy of its timing band for a daily cycle decline. While stocks broke out to a new daily cycle high, there are sell signals that are beginning to accumulate.
Over the past 10 trading days there have been 7 Selling on Strength days. Usually when there is a clustering of SOS days, a cycle decline is imminent.
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