Recent Posts
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Read more: Dollar BreakoutWe discussed the dollar’s attempt to establish a new daily cycle and the importance of resistance at 102.50. — The dollar has now broken above that resistance. The dollar signaled day 40 as its DCL and has followed through with a strong advance. Price reclaimed the 10 day MA on Tuesday and continued higher through…
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Read more: QQQ — Different Paths to a Cycle LowWhile the S&P 500 is still seeking confirmation of its daily cycle low, QQQ is approaching confirmation of its intermediate cycle low. A failed weekly cycle raises the possibility that a yearly cycle low is also forming.
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Read more: Miners — Turning the Corner?Miners have closed above key moving averages and their upper daily cycle band, signaling an ICL and a return to a daily uptrend. Now the question is whether the recovery can hold through consolidation.
