beginner help

Hello all, i have a 4 foot fish tank (48 gallons) that I've been cycling for peacock cichlids for about a week now. The water test strip shows as follows: 120 GH ppm (mg/l) 120 KH ppm (mg/l) 7.5 - 8.00 PH (The colours almost in-between, leaning to 8.00) 0.5 NO2- NITRITE ppm (mg/l) 20 - 30...