Stocks became a bit stretched above the 10 day MA on Monday and formed a bearish reversal.
Stocks began Tuesday lower, forming a swing high. However, they rallied into the close to regain the 50 day MA. Stocks may need to crawl along the 50 day MA, which would help to allow the 10 day MA to catch up to price. The bigger picture is that stocks are currently in a daily downtrend. They will remain in their daily downtrend unless they can close above the upper daily cycle band. And no trending move will be able to be sustained until stocks can close above the declining 200 day MA.
Cycle Trading 
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