After forming a swing high on Monday, stocks delivered bearish follow through Tuesday and Wednesday, closing below the 10 day MA and beginning to turn it lower to make it look like a failed breakout was unfolding. But stocks formed a daily swing low on Thursday.
Stocks are still in a daily uptrend. And they formed a swing low above the lower daily cycle band. A close back above the 10 day MA would indicate a continuation of the daily uptrend and signal a cycle band buy signal. In which we would then label day 14 as a half cycle low.
Cycle Trading 
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