Wednesday delivered more bearish signals for stocks.
Wed was day 23 for the daily equity cycle, placing stocks 7 days shy of its timing band for a DCL. The peak on day 18 suggests a left translated cycle formation which aligns with our weekly framework. Stocks closed below the 10 day MA and delivered a bearish TSI zero line crossover, both which helps to confirm that stocks are declining into its daily cycle low. Stocks will need to form a failed daily cycle in order to complete the intermediate cycle decline. A break below 2691.99 will form a failed daily cycle.
Cycle Trading 
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