Stocks Pause Below 6750 – Breakout or Daily Cycle Decline Ahead?

Stocks continues to stair-step higher. Stocks are a bit stretched above the 10 day MA.  Stocks have begun to consolidate below the 6750 level, which should help to allow the 10 day and a time to catch up the price. Stocks are in a daily uptrend.  A  bullish break out of consolidation will indicate a continuation of its daily uptrend and signal a cycle band buy signal. A bearish break out of consolidation with a close below the 10 day MA will signal the daily cycle decline.

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