Stocks are setting up for the sale of the year.
On Saturday we discussed with Friday being only day 23, that stocks could still see 2 to 4 weeks before forming their daily cycle low. Since the decline into the daily cycle low is unfolding as a crash event, I think we are likely to exhaust the selling sooner, over the next 5 – 7 trading days, which would take stocks in the early part of their timing band for a daily cycle low. We will be looking for a swing low. Then a break of the declining trend line to signal that daily cycle low has formed.
In the Mid-Week Update I will breakdown why I think that stocks are on the verge of printing their intermediate (weekly) cycle low. Then in Weekend Report I will breakdown why I think stocks are looking to print their yearly cycle low.
Cycle Trading 
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