Stocks formed a swing high on Wednesday, closing below the 10 day MA. Closing below the 10 day MA signals the daily cycle decline. Stocks then closed lower on Thursday. Thursday was day 32. That places stocks in their timing band for a DCL. Stocks should go on to the turn the 10 day MA lower as it seeks out its DCL. At that point, we would be watching the 50 day MA for possible support for the DCL to form. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.
Cycle Trading 
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