And the dollar fell out of bed.
The dollar sliced through the four week trend line and produced a failed daily cycle.
The current daily cycle peaked on Tuesday, day three, and today is day 5. The dollar’s daily cycle runs 18 to 25 days on average. That leaves 13 to 20 days left in this daily cycle.
This is week 12 of the intermediate cycle. A failed daily cycle typically signals an intermdiate cycle decline. So this likely means the dollar has begun its intermediate cycle decline.
One of the reasons I like to watch the dollar is because I believe it provides an extra insight to other asset classes. In this case equities are confirming the failed dollar cycle.
Equities printed a low on Tuesday. Today, with the failure of the dollar cycle, stocks rocketed higher printing a swing low and a1.65% gain making this day 2.
Precious metals and the Miners were also confirming.
By now, you probably have seen the break out of gold from the triangle consolidation.
So I want to look at the Miners.
Yesterday we discussed how the Miners formed a swing low with a trend line break printing day 1.
Well today, they delivered a nice follow-through day.
The dollar is rolling over into an intermediate cycle decline and precious metals and equities are beginning new daily cycles.
I think that our path is clear.
Cycle Trading 
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