It looks like the dollar printed a daily cycle low on Wednesday.
The dollar formed a swing low on Thursday.
While a swing low does not guarantee a DCL. You cannot have a DCL without a swing low.
Still at 23 days, Wednesday was in the latter part of the timing band for a low.
A break of the declining trend line confirms a daily cycle low.
Now the Schaff Trend Cycle did move lower during the primary decline into a DCL.
The STC normally tags the 25 line 80 % of the time as the dollar prints a low.
This just may be one of the 20% of the time it does not.
We still await confirmation that September held an intermediate cycle low.
With the fresh legs of a new daily cycle the dollar still needs to break above 80.42 to break above the declining trend line and form a weekly swing low.
Gold responded by reversing at the declining cycle trend line.
We should now see gold trend lower over the next 2 – 8 days as it seeks out its intermediate cycle low.
Thursday was day 32 for the daily equity cycle.
Stocks broke below the daily cycle trend line last week.
It has since bounced on the recent dollar weakness and kissed the underside of the daily cycle trend line. We see today a reversal off that trend line.
Thursday was day 32. Stocks still are 3 days shy of their timing band for a daily cycle low.
I suspect the dollar rallying out of a daily cycle low will cause equities to break below 1425.53 as it seeks out its daily cycle low.
Cycle Trading 
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