Stocks delivered another bearish signal on Monday.
Stocks printed a lower daily low on Monday. This was day 46, placing stocks deep in their timing and for a DCL. So, stocks should be forming their DCL any day now. However, after being convincingly rejected by the declining 50 week MA last week to close below the 10 week MA, stocks opened up this week by delivering bearish follow through by forming a weekly swing high. This potentially sets stocks up for a left translated weekly cycle formation. Stocks are in a weekly downtrend. Forming a weekly swing high below the lower weekly cycle band indicates a continuation of the weekly downtrend and signal a weekly cycle band sell signal.
Cycle Trading 
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