Cycle Trading

The dollar negated the potential reversal from Monday by printing a higher high.

Tuesday is day three of the dollar’s daily cycle.
Until the dollar prints a swing high, it hasn’t.
So the trend is up until we have evidence to the contrary.
Equities reacted to the dollar printing a higher high by breaking below the cycle trend line. This clear and convincing trend line break takes off the table being day 8.

By breaking below the daily cycle trend line, equities declared that they have entered their primary decline into a daily cycle low.

Tuesday was day 35 which means that equities have just entered the timing band to print a daily cycle low over the next 2 weeks..

Gold is still coiling but nothing new to report so lets look at the Miners.

In the Weekend Report I discussed how I felt that my count was off on the Miners daily cycle. I felt that 6/28 was actually a 30 day – daily cycle low making Friday day 15.
The Miners breaking below the 7/12 low today confirms my view that this is the second daily cycle standing at day 17. And like gold, they have entered the timing band to seek out a low.

So equities, gold and the Miners have entered their timing bands to seek out a daily cycle low. I suspect that we may see gold and the Miners print swing lows ahead of stocks.

So for now, we wait for a swing high on the dollar …