Stocks printed their daily cycle low on November 15th. A swing low formed the next day to signal the new daily cycle. Last week stocks broke out to new highs, confirming the new daily cycle. On Monday stocks appeared to have stalled.
This actually resembles how stocks emerged from the August cycle low. Once stocks broke out to new highs on September 12th they stalled for close to 2 weeks, which allowed the 10 day MA to catch up to price.
We could be seeing a similar pattern develop here. The thing to keep in mind is that stocks continue to close above the upper daily cycle band which indicates that they are in a daily uptrend. Stocks will remain in their daily uptrend until they close below the lower daily cycle band.
Cycle Trading 
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