Cycle Trading: Stocks Rebounding
|Stocks are rebounding off of Wednesday's lows with the Dow leading the way by forming a swing low in the pre-market trading.
Stocks are in their timing band for a daily cycle low. Wednesday's bullish reversal had eased the parameters for forming a swing low. The Dow has already formed a swing low this morning by rallying over 400 points from Wednesday's low. A break above the 10 day MA, currently at 25397.60, will signal a new daily cycle.
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