On Monday we discussed how stocks closed above both the 10 day MA and 50 day MA, which indicated that stocks would remain in their daily uptrend and signal a cycle band buy signal. On Tuesday stocks closed below both the 10 day MA and 50 day MA, changing everything.
Any bearish follow through will signal the daily cycle decline. The current peak on day 10 sets stocks up for a left translated daily cycle formation. A break below the previous DCL of 4335.31 will form a failed daily cycle and extend the intermediate cycle decline.
Cycle Trading 
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