Stocks formed a swing high on Friday and delivered bearish follow through on Monday and Tuesday.

Stocks have not formed a recognizable DCL since late October. A close below the 10 day MA will signal the daily cycle decline. Stock should then go on to turn the 10 day MA lower and break below the trend line in order to complete the daily cycle decline.  Stocks are currently in a strong daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.