The daily equity cycle peaked on day 21. Stocks went on to close below the daily cycle trend line on Monday to confirm the daily cycle decline.
Monday was day 25 for the daily equity cycle, which was 5 days of being shy of the normal timing band for a daily cycle low. But since the previous cycle was a bit stretched at 58 days, we need to be aware of the possibility of a shortened daily cycle forming which would balance out the cycle counts.
Notice prior to the daily cycle peak on day 21 that stocks began to close above the upper daily cycle band. That indicates that stocks have begun a daily uptrend. So if stock can form a swing low above the lower daily cycle band then they will remain in their daily uptrend. And since the 10 day MA has aligned with the 50 day MA, a close above the 50 day MA would signal a new daily cycle.