Stocks formed a bullish hammer on Monday.
Stocks printed their lowest point on Monday, day 41, placing it in the later part of its timing band for a DCL. The bullish hammer that formed on Monday eases the parameters for forming a swing low. A break above 4299.82 will form a swing low, which would have good odds of marking the DCL. A close above the 10 day MA will signal the new daily cycle.
Cycle Trading 
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