Forming a swing low and closing back above the 50 day MA on Tuesday looked, in real time, as if day 24 hosted an early DCL. That was negated on Thursday.
Stocks were rejected by the declining 10 day MA and formed a lower swing high on Thursday to close below the 50 day MA. This sets up the declining trend line and indicates a continuation of the daily cycle decline — which makes Thursday, day 27.
With price below the 10 week MA and the 10 week MA beginning to turn lower, this can turn into an intermediate cycle decline and the long over due yearly cycle decline, which I plan to discuss in the Weekend Report.
Cycle Trading 
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