Stocks broke below the day 33 low on Monday to extend their daily cycle decline.
Monday was day 36, placing stocks in their timing band for a DCL. Monday’s narrow range day has eased the parameters for forming a swing low.
A break above 4410.31 will form a swing low. Then a close above the 50 day MA will have us label day 36 as the DCL.
Cycle Trading 
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