Stocks formed a swing high and closed below the 200 day MA on Wednesday.
Stocks delivered bearish follow through by closing below the 10 day MA on Friday. This sets up a left translated daily cycle formation. Stocks are currently in a daily downtrend. Closing back below the 10 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal. A break below 5504.65 will form a failed daily cycle.
Nothing good happens below the 200 day MA.
Cycle Trading 
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