February is month 14, placing stocks late in their timing band for a yearly cycle decline. Stocks are also in their timing band for a weekly (intermediate) cycle decline. So we need to be on “our toes” for a left translated daily cycle formation to develop that will trigger an intermediate and possibly yearly cycle decline.
Despite closing at all time highs, there are bearish divergences developing which often herald a cycle decline. And with a potential Black Swan Event developing in China with Massive Manufacturing Disruptions Due to Coronavirus it looks like its time to be dancing close to the exit.