Look Familiar?

Stocks are up against resistance at the 4150 level.

Resistance at the 4150 level caused stocks for form a bearish reversal on. Monday.

Resistance at the 4150 level sent stocks into their daily cycle decline back in June. And at 34 days — this resistance level looks ready to do so again.

Monday was day 34, placing stocks in their timing band for a daily cycle low. If stocks deliver bearish follow through and close below the accelerated (dashed) trend line, that would signal the daily cycle decline. Stocks should then go on to break below the (blue) daily cycle trend line as they seek out their DCL.

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