The decline into the day 17 low caused the 10 day moving average to continue to decline steeply. Stocks have since crawled along the declining 10 day moving average. Stocks may need to consolidate to allow the 10 day MA time to flatten out before it can turn higher. Stocks are currently in a daily downtrend. Stocks will remain in its daily downtrend unless they close above the upper daily cycle band.
Cycle Trading 
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