Tuesday was day 19 for the dollar’s daily cycle.
The dollar is now in the timing band to seek out its daily cycle low.
A break below 80.97 forms a swing high.
The dollar also pierced the 150 day MA.
Recall that we have been watching the 150 MA
I believe if the dollar is going to continue down into its yearly cycle low then the 150MA should now contain the dollar.
After running into resistance at the 1740 level, Gold appears to be forming a mini bull flag.
Gold looks to be waiting on the dollar to roll over before breaking through this resistance level.
Once gold reverses higher, it will set the daily cycle trend line.
Stocks printed a lower low on Tuesday.
That brings the daily cycle count out to day 48.
Stocks are now overdue for a daily cycle low.
I do not know if we will see one more panic day down or not.
But the next swing low has good odds of marking the daily and intermediate cycle low.
A break above yesterday’s intra-day high of 1389 forms a swing low.
Once the equity daily cycle low is in, it should be off to the races …
Cycle Trading 
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