Stocks lost the 10 day MA on Tuesday, regained it on Wednesday, then lost it again on Thursday.
Thursday was day 34 for the daily equity cycle. That places stocks in their timing band for a daily cycle decline. There are bearish divergences developing on the oscillators that often precede a cycle decline. We will use a break below Tuesday’s low of 4118.38 to signal the daily cycle decline. Stocks should then go on to break below the (blue) daily cycle trend line as they seek out their daily cycle low. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.
Cycle Trading 
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