XLE has been consolidating below the 86 level for the past week. However, XLE closed below the 50 day MA on Monday. Monday was day 27, placing XLE in its timing band for a DCL. A close below the 10 day MA will signal the daily cycle decline. XLE should turn the 10 day MA lower in order to complete its daily cycle decline. XLE is currently in a daily uptrend. XLE will remain in its daily downtrend unless it closes above the upper daily cycle band.
Cycle Trading 
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