Cycle Trading

We still have no resolution to the dollar’s daily cycle.

The dollar is rising along the daily cycle trend line, but is being held in check by the declining intermediate cycle trend line.

The dollar printed a higher high on day 11 of the daily cycle.
Each passing day increases the odds of this daily cycle forming as right translated.
Ultimately I think it will come down to either an upside break out or a downside flush.

An upside break out would confirm this as being a new intermediate dollar cycle which would likely send gold and stocks lower.

A downside flush would mean that the dollar is still caught in the grip of an intermediate cycle sell off with another 2 – 3 weeks for the dollar to seek out its low.

Push is quickly approaching shove with the dollar.

And then we will learn which way the dollar will break …