Cycle Trading

Monday was day 23 for the dollar’s daily cycle.

The dollar did form a swing high today.
Since it is so late in the daily cycle, this swing will likely mark the decline into a daily cycle low.
We still await a break of the daily cycle trend line to confirm the cycle in decline.
The dollar’s daily cycle normally finds a bottom every 18 – 25 days. Sometimes a daily cycle may stretch out to 28 or even 30 days. So the dollar can find a bottom any time after breaking the cycle trend line and may take as long as early next week.

The dollar’s swing high did not go unnoticed today …

After the big day on Friday, the Miners had a nice follow through day leaving behind a bullish tail.

Once the dollar finds its daily cycle low I expect that will signal a top to the current Miner daily cycle.

This is only the first daily cycle of a new intermediate cycle for the Miners.

This is just the beginning of the third week of the weekly cycle that can still rally for another 10 to 15 weeks.

And as nice of a day the Miners had ….
…. some individual miners had a monster day

And this in spite of the fact that equities are still a mess.
Once the equities find their low, that will provide wind at their backs

This may be the signal that the train is leaving the station.