The 2/27/19 Morning Update

Stocks formed daily swing high on Tuesday.

Tuesday was day 41, placing stocks in their timing band for a DCL. The swing high was accompanied by a close below the 2800.18 resistance level that signals the start of the daily cycle decline. A close below the 10 day MA will confirm the daily cycle decline.

Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band they will remain in their daily uptrend.

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