Stocks are deep in their timing band for a DCL and they printed a bullish candle on Monday, rallying for 1.43% to indicate that the DCL has formed. However — I remain skeptical.
We need to keep in mind that stocks have not formed a daily swing low and that they remain below the 10 day MA.
Furthermore, stocks did not even retrace to the 38% fib level. There is still a chance that stocks could be rejected by either the 10 day MA or the 200 day MA to extend their daily cycle decline. However, we need to recognize that stocks are in a daily uptrend. A close above the 200 day MA will indicate a continuation of the daily uptrend and signal a cycle band buy signal. In which we would then label day 37 as the DCL
Cycle Trading 
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