Tuesday stocks finally signaled that they have begun their daily cycle decline.
Stocks peaked last Wednesday, day 40, which locks in a right translated cycle formation. Stocks next formed a daily swing high on Friday. Then they closed below the 10 day MA on Tuesday. At 44 days that places stocks well into their timing band for a daily cycle low. At this late stage a close below the 10 day MA is a reliable indicator that the daily cycle is in decline. Stocks normally decline anywhere from 7 to 15 days into a daily cycle low. Stocks also should break below the daily cycle trend line before completing their daily cycle decline. So we are hunting for a daily swing low to form below the daily cycle trend line to signal a new daily cycle.
Cycle Trading 
Hi, just found your site and find it interesting. What does a “translated right/left cycle” mean? thanks
Ellen,
Translation is another way to describe an uptrend or a downtrend.
I break down cycle translation here.
LM
Thanks, that helps!