
Stocks closed below the 200 day MA on Thursday then delivered bearish follow through Friday and Tuesday to signal the daily cycle decline. But there is something more sinister afoot.

Stocks are overdue for their yearly cycle low and appear to be feeling the gravitational pull of the pending YCL. A monthly swing high is required to complete the yearly cycle decline. A break below the previous DCL of 4222.62 will form a monthly swing high.
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