While stocks printed lower low on Tuesday, they closed higher for the day.
Tuesday was day 52 for the daily equity cycle, placing stocks very deep in their timing band for a DCL. The odds are good that once a swing low forms, that will mark the DCL. I will wait for a close above the breakdown level of 4114.65 in order to label day 52 as the DCL. Stocks are currently in. a daily downtrend. They will remain in their daily downtrend unless they close back above the upper daily cycle band.
Cycle Trading 
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