Stocks had been consolidating for the past week before breaking lower on Tuesday. Stocks broke below the day 27 low on Tuesday to extend their daily cycle decline.
This bearish break out of consolidation could trigger a bloodbath phase that could last 5 to 7 days. However, Tuesday was day 31, placing stocks in their timing band for a daily cycle low. A swing low and close back above the 10 day MA will signal the new daily cycle. A break above 4281.18 will form a daily swing low.
Cycle Trading 
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