Equities and commodities may have bottomed and be ready to move up.
Equities rallied enough today to make a higher high over yesterday.
So equities formed a swing low on Thursday.
That was either day 46 or potentially day 1 of the new daily cycle.
It may be a bit premature to break out the champagne to toast a new daily cycle.
Equities are in the later stages of the timing band to print a low.
But the 230 million selling on strength today suggests that the bottom may not be in yet.
Confirmation that this swing low is the daily cycle low will happen with a break above the declining cycle trend line.
While there is some question of whether or not a daily cycle low has printed for equities, the pictures is clearer for the Miners.
A definite break above the declining cycle trend line accompanied by a swing low confirms a new daily cycle for the Miners.
This leaves behind a 12 day daily cycle for the Miners.
Although on the early end, Miners daily cycles run from 12 – 19 days from trough to trough.
Both equities and commodities appear ready to rally, what is needed to complete this equation is for the dollar to roll over.
The dollar typically prints a left translated cycle when the dollar peaks before day 10.
The dollar closed above the 80 level but printed an inside day.
This 80 level has been a historically significant level for the dollar.
With the dollar closing above the 80 level for the second straight day,
Bernanke may be forced to show his hand…
Cycle Trading 
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