Stocks formed a daily swing low on Wednesday.
Stocks are currently in a daily uptrend. Forming a swing low above the upper daily cycle band indicates a continuation of the daily uptrend and signals a cycle band buy signal.
However — Wednesday was day 36 for the daily cycle, placing stocks in their timing band for a daily cycle low. Stocks still need to complete their daily cycle decline, which means that any gains from Wednesday’s swing low will likely soon be given back. A stop can be placed at the 4150 breakout level should stocks reverse to begin their daily cycle decline,
Cycle Trading 
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