Cycle Trading

Friday was day 20 for the daily dollar cycle.
The dollar should find its daily cycle low over the next week, or so.

The dollar is forming a right translated daily cycle.
Right translated daily cycles tend to have short declines into daily cycle lows
After Friday the dollar would need to break below 81.78 in order for the dollar to form a swing high

Stocks

Tuesday was day 38 for the daily equity cycle
It certainly looks as though Tuesday hosted a daily cycle low.

Thursday saw stocks break above the declining cycle trend line signaling a new daily cycle.
A break above 1530.94 confirms a new daily cycle.
Friday’s bullish reversal may have established the daily cycle trend line.

Back to the Mailbag:

Likesbullmarkets asked this question this morning:
Submitted on 2013/03/02 at 4:45 am
just saw a post

is it time to revisit dollars longer term charts?

I do discuss the longer view dollar in the Weekend Report.
I am also planning on posting something here about the long term, big picture on the dollar — probably Sunday night.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CCI Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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