Cycle Trading

Wednesday was day 48 for the current equity daily cycle.
Stocks had another panic day selling off, being down 1.39% for the day.

The silver lining was that the SPY printed another big Buying on Weakness day of 325 million.

This is really starting to add up.

There has been 995 million BOW since 10/24.

I think that once the dollar breaks through the accelerated (red) trend line we will see stocks print their daily and intermediate cycle low.

Wednesday was day 20 for the dollar.
The dollar did form a swing high today.
But stopped short at the accelerated (red) trend line.
I think that once the dollar loses the accelerated trend line that the dollar will make its journey into its daily cycle low.

The Miners were punished today

The Miners are either on day 33 of their daily cycle or day 13 of a second daily cycle caught in the grip of an intermediate cycle decline.

Either way, once the dollar turns and stocks rally, the selling pressure on the Miners will be released and we should see the Miners rally.

Both Silver & gold resisted the panic sell off seen in stocks.

Silver in particular has been resilient as the dollar rallied.
Silver has been essentially trading sideways as the dollar cycle peaked.
Again, once the dollar turns we should see silver fly.