Despite stocks being up on Friday and Monday, stocks continue to deliver sell signals.
Monday was day 31 for the daily equity cycle. That places stocks in their timing band for a daily cycle low. Over the past 13 trading days there have been 9 Selling on Strength days. Usually when there is a clustering of SOS days when stocks are in their timing band for a daily cycle low, a decline into the DCL soon follows.
Cycle Trading 