Stocks formed a swing high on Monday.
They delivered bearish follow through on Wednesday.
Wednesday was day 29 for the daily equity cycle, placing stocks 1 day shy of its timing band for a DCL. Stocks closed below the 10 day MA and the daily cycle trend line on Wednesday to confirm the daily cycle decline.
Stocks did peak on day 26, which indicates a right translated daily cycle formation. And stocks have been in a daily uptrend. If stocks form a swing low above the lower daily cycle band then they will remain in a daily uptrend and the swing low will be a buy signal. If stocks close below the lower daily cycle band then that signals something more sinister will be afoot.
Cycle Trading 
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