Stocks were crawling along the 3650 support level — until Friday.
Stocks closed convincingly below the 3650 support level on Friday. With Friday being only day 18, stocks should still have another 2 – 3 weeks before printing a DCL. Stocks are in a daily downtrend and will remain so unless they close back above the upper daily cycle band.
I discuss the implications of support failing on the intermediate and yearly cycles in the Weekend Report.
Cycle Trading 
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