Stocks closed lower again on Monday.
Stocks are getting stretched below the 10 day MA and approaching a possible support level at the June DCL. We could see stocks deliver a dead cat bounce, which will help to allow the 10 day MA to catch up to price. With stocks needing another 3 – 4 weeks to be in their timing band for a DCL, any bounce will likely set the declining trend line. 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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