Stocks formed a swing high on Monday then closed below the 10 day MA on Tuesday. A peak on day 10 sets up a possible left translated daily cycle formation. If stocks deliver bearish follow through that will signal the daily cycle decline.
However, stocks are currently in a daily uptrend. If stocks can find support at the 10 day MA, form a swing low, and close back above the 10 day MA — that would indicate a continuation of its daily uptrend and signal a cycle band buy signal.
Cycle Trading 
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