
Stocks lost the 50 day MA on Monday.

Stocks broke below the day 29 low on Monday to extend their daily cycle decline. Monday was day 32, placing stocks in their timing band for a DCL. A swing low and recovery of the 50 day MA will signal the new daily cycle. Stocks are currently in a daily uptrend. If stocks manage to form a swing low above the lower daily cycle band that would indicate that stocks will remain in their daily uptrend and trigger a cycle band buy signal.
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