The dollar is pretty much were we left it this morning…
A break of the declining (red) trend line signals that this is day 8.
A break of the rising (black) trend line signals that this is day 24.
I still think that the longer this goes the more likely we will see an upside break out.
It does look like the Miners are expecting more dollar strength.
Today saw the Miners break below the previous daily cycle low. The Miners are still caught in the grips of an intermediate cycle decline.
A break of the declining blue trend line would signal a new intermediate cycle.
Thursday also saw gold break lower.
Gold peaked on day 12 and formed a swing high on day 13.
Gold does not enter its timing band for a daily cycle low for another four more days.
Keep in mind that gold has not yet confirmed a new intermediate cycle.
Gold will need to form a swing low above the early January low of 1625.80 for this to be labeled the first daily cycle of a new weekly cycle.
A break below 1625.80 will likely lean a stretched intermediate cycle.
Stocks printed a Doji today, which can signal a change.
Stocks usually print a half cycle low between now and day 25.
Should the dollar break higher that will likely send stocks into their half cycle low.
Looks like we will continue to wait on the dollar …






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