Stocks formed a swing high on Friday and then delivered bearish follow through on Monday to close below the 10 day MA to signal the daily cycle decline.
 
 
 
Stocks printed their lowest point on Tuesday, following the day 39 peak. That was day 42, placing stocks deep in their timing band for a daily cycle low.  A swing low formed on Wednesday to signal the new daily cycle. A close above the 10 day MA will have us label day 42 as the DCL.  Stocks are currently in a daily uptrend.  Since the swing low formed above the lower daily cycle band, that indicates that stocks remain in their daily uptrend and triggers a cycle band buy signal.