May 26, 2024
seen from T1
seen from China
seen from Russia
seen from United States
seen from South Africa
seen from United States
seen from Brazil
seen from United States
seen from United States
seen from India
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from Philippines
seen from Netherlands
seen from Slovenia
seen from Hong Kong SAR China
Stocks Signal the Start of the Intermediate Cycle Decline
Pre-Summary Stocks entered their Daily Cycle Low timing band on Day 30, but the more important development came when they closed below the lower daily cycle band. That signal ended the daily uptrend and marked the beginning of both a daily downtrend and the Intermediate Cycle Decline. Stocks printed their lowest point on Day 30, placing them in their timing band for a Daily Cycle Low (DCL).…
Stocks Signal the Start of the Intermediate Cycle Decline
Pre-Summary Stocks extended their daily cycle decline by closing below the lower daily cycle band. This structural change ended the daily uptrend, began a daily downtrend, and marked the beginning of the next Intermediate Cycle Decline. Stocks entered the Daily Cycle Low timing band on Day 26 after closing below the 50-day moving average. A swing low formed on Monday, followed by a close back…
Gold Reclaims the 10-Day MA
Pre-Summary Gold has reclaimed the 10-day moving average after forming a swing low, building evidence that the current decline may have reached its Daily Cycle Low. At the time of this writing, a close above the 10-day moving average is still needed to signal the Daily Cycle Low. As we discussed previously, Gold has entered the Daily Cycle Low timing band and outlined the evidence needed to…
Stocks Begin Their Daily Cycle Decline
Pre-Summary Stocks rejected resistance near 7575 last week, forming a swing high before closing below both the 10-day and 50-day moving averages. The daily cycle has now entered its declining phase, shifting attention toward where the next Daily Cycle Low (DCL) will develop. Stocks reached resistance near 7575 last Wednesday before forming a swing high on Thursday. Friday’s close below both the…
The Dollar Is Hunting Its DCL
Pre-Summary Most traders assume the Daily Cycle Low must occur at the lowest price following a cycle peak. While that is often true, there are exceptions. The Dollar is currently demonstrating one of those exceptions as consolidation continues to shift the likely Daily Cycle Low away from the initial low and toward the apex of the pattern. After forming a swing high, the Dollar closed below the…
NVDA Update: The Daily Cycle Low Has Been Signaled
Pre-Summary Over our last two NVDA updates, we followed the stock as it found support at the 200-day moving average and repeatedly tested the declining 10-day moving average. This week, NVDA delivered the bullish follow-through needed to signal June 29 as the Daily Cycle Low. The focus now shifts to whether the new daily cycle can generate enough strength to reverse the prevailing daily…
NVDA Update: At a Decision Point
Pre-Summary Two weeks ago, we examined NVDA after it had declined nearly 20% from its recent high and found support at the 200-day moving average. Since then, the stock has repeatedly tested resistance at the declining 10-day moving average while holding above the 200-day moving average. Tuesday’s close above the 10-day moving average is the first meaningful improvement, but additional strength…