Stocks closed below both the 5000 level and the 10 day MA on Tuesday to signal the daily cycle decline. Tuesday was day 26, placing stocks in the early part of its timing band for a DCL. Stocks should turn the day 10 MA lower in order to complete its daily cycle decline — however that did not happen.
Stocks formed a swing low on Wednesday, closing back above the 10 day MA and the 5000 level. Stocks delivered bullish follow through on Thursday by closing convincingly above the 5000 level to signal that day 26 was an early DCL. Stocks then backtested the 5000 level on Friday. Stocks are currently in a daily uptrend. Stocks will remain in its daily uptrend unless it closes below the lower daily cycle band. Stops should be raised to the 5000 level. A close below the 5000 level would indicate that day 26 was not the DCL.
In the Weekend Report I breakdown 7 reasons why stocks may still have a daily cycle decline in front of them …
Cycle Trading 
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