Stocks closed lower on Monday.
Stocks are overdue for a daily cycle decline.
Stocks are stretched above the 200 day MA and they are running into resistance at the upper stem of its megaphone topping pattern, setting up a reversion to the mean.
The Transports printed a bearish reversal on Monday.
And the Banks have formed a lower high. So at this point if stocks form a swing high, it will have a good chance to signal the start of the daily cycle decline.
Cycle Trading 
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