While stocks closed higher on the day …
Stocks formed a daily swing high.
This maybe nothing since stocks are in a daily uptrend that is printing higher highs. Stocks may simply be consolidating to allow the 10 day MA to catch up to price.
But it is worth noting that a close below the May 1st high of 4186.92 would open the door to the possibility of a failed breakout is unfolding.
Cycle Trading 
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