Stocks formed a swing high on Tuesday.
The decline into the day 41 low caused the 10 day MA to drop sharply. While I still think that day 41 marks the DCL, stocks will need to close above the 10 day MA and turn it higher as it rallies out off the day 41 low. And then nothing easy — there will still be the 200 day MA and the 50 day MA that will act as dynamic resistance.
Stocks are currently in a daily downtrend. Forming a swing high below the lower daily cycle band indicates a continuation of its daily downtrend and signals a cycle band sell signal.
Cycle Trading 
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