Cycle Trading: Stocks Deliver Bearish Signal

LikesMoney Independent Analyst

Stocks rallied on Tuesday. But despite stocks closing higher for the day, they still delivered a bearish signal.

Stocks printed 511 million in Selling on Strength on Tuesday. Stocks tend to cluster large Selling on Strength numbers like this prior to a cycle decline. This also aligns with our longer, intermediate cycle framework calling for stocks to decline into an intermediate cycle low. A break below the solid blue trend line should send stocks into their final decline into their intermediate cycle low.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

EUR/USD holds firm above 1.1900 as US NFP looms

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GBP/USD remains above nine-day EMA near 1.3650

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Bitcoin price slips below $67,000 ahead of US Nonfarm Payrolls data

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