Cycle Trading

The dollar printed another lower high and lower low on Tuesday.

Today was day 20 for the dollar’s daily cycle and the daily cycle decline continues.
The dollar is approaching the daily cycle trend line and the Schaff Trend Cycle is beginning to roll over.

Also notice the Red declining trend line (a) that is beginning to develop.
A brake above of this trend line could signal the bottom is in …

Equities are responding as the dollar continues to decline into a daily cycle low.

It looks more and more like stocks printed a daily cycle low last Thursday making Tuesday day 3 of the new daily cycle.

So the intermediate cycle beginning on June 4 th looks to have printed a 27 day right translated daily cycle. The expectation for this daily cycle then is to make a higher high following a right translated daily cycle.

Gold continues to consolidate

With equities rising and the dollar selling off, I would think that gold would join the party.

However, it is becoming more and more likely that this daily cycle is about consolidation.
The next daily cycle is where I am beginning to think we will see gold make its move.