Stocks closed below the 10 day MA on Wednesday.
Wednesday was day 47 for the daily equity cycle. That places stocks in their timing band for a daily cycle low. The high on Friday, day 45, locks in a right translated daily cycle formation which aligns with stocks being in a daily uptrend. Closing below the 10 day MA signals the daily cycle decline. With stocks being late in their daily cycle, a DCL can happen anytime soon. And if a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend.
Cycle Trading 
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