Today was day 8 and the dollar tested the 80 level, but closed below it.
While 80% of failed daily cycles peak on day 8 or sooner, there is still a day or 2 wiggle room to still print a failed daily cycle.
While there is wiggle room for the dollar to move higher, bonds are right up against it.
Wednesday was also day 8 for bonds.
As you can see, Bonds are right up against the intermediate cycle trend line.
If bonds are turned back here, then it is likely that they are still caught in the grips of an intermediate cycle decline.
A break above the declining trend line would confirm a new intermediate cycle.
Miners are hinting at more upside.
The Miners gapped lower and then reversed higher into the close.
Wednesday was day 18 for the Miners daily cycle.
The Miners have entered the timing band to print a low.
A break above 507.30 forms a swing low off of today’s reversal candle.
If the Miners get some follow through, that will likely signal the start of a new daily cycle and the Miners will be off to the races …
Cycle Trading 
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