Stocks Clear 1st Hurdle

Stocks closed above the 200 day MA on Monday.

Stocks also managed to turn the 10 day MA time higher. There is still the 50 day MA that can act as dynamic resistance that stocks will need to work through before a trending move can be established.  Stocks are currently in a daily downtrend.   Stocks will remain in their daily downtrend unless they close above the upper daily cycle band.

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