Stocks undercut the day 54 low on Friday.
Friday was day 60, placing stocks deep in their timing band for a DCL.
We have seen this before with stocks deep in their timing band for a DCL. The undercut low has good odds of marking both the DCL and ICL. A break above Friday’s high of 3943.42 will form a swing low. Then a close above the 10 day MA will signal the new daily cycle. Stocks are currently in a daily downtrend. Stocks will remain in their daily downtrend unless they close back above the upper daily cycle band.
Cycle Trading 
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