Stocks formed a daily swing high on Wednesday then delivered bearish follow through into Friday, closing below the 200 day MA.
The peak on day 10 sets stocks up for a left translated daily cycle formation. Stocks are currently in a daily downtrend. Closing below the 200 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal. A break below the previous DCL of 4216.45 will form a failed daily cycle.
A failed daily cycle will extend the intermediate cycle decline. In the Weekend Report I discuss the implications of this and what it means for the yearly cycle and the 4 year cycle.
Cycle Trading 
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