Stocks formed a bearish reversal on Friday.

Stocks were rejected by the 5500 level on Friday and went on to close below the 10 day MA. That, along with the bearish divergence on the oscillators, indicate the daily cycle decline. At 19 days, stocks could decline for 5 to 15 days before forming their DCL.

In the Weekend Report I look at Friday’s bearish reversal in respect to the weekly and yearly cycles and how Friday’s bearish reversal could be the first domino of a larger move.