After forming a daily swing high on Friday, stocks delivered another bearish signal on Monday.
Stocks closed below both the 200 day MA and the 10 day MA on Monday. Monday was day 36, placing stocks well within their timing band for a daily cycle low. Losing both of these moving averages this late in the daily cycle indicates that stocks are now seeking out their DCL. Stocks should go on to break below the daily cycle trend line and turn the 10 day MA lower in order to complete the daily cycle decline.
Cycle Trading 
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