The daily cycle appears to have peaked on day 32. Stocks then formed a swing high on Friday that close below the 10 day MA.
Stocks backtested the 10 day MA on Monday.
Monday was day 34 for the daily equity cycle, placing stocks in their timing band for a daily cycle low. With stocks closing lower after backtesting the 10 day MA, the odds have shifted to stocks beginning their daily cycle decline. The peak on day 32 locks in a right translated daily cycle formation which has us expecting stocks to form a higher lower.
Cycle Trading 
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