Cycle Trading

What would you do if I told you that after an extended daily cycle, the CCI Index dropped further…

The CCI Index was in the timing band for a daily cycle low on Friday,which was day 23 of the daily cycle. After printing 2 days of gains, the CCI Index got flushed on Wednesday.

————- And ————-

When we were expecting the dollar to form a swing high to begin its daily cycle decline and it doesn’t.

The dollar’s daily cycle peak on Friday, day 20.
After dropping for two straight days it looked like the dollar was ready to roll over.
We just needed to see a swing high form to signal a daily cycle decline, which did not happen.
Instead the dollar recovered all of the two day sell off.

So given the aforementioned scenario, what would expectation be for the Miners???
Probably experience a smack down???

Instead of a smack down, the Miners printed a bullish reversal.
At day 23, the Miners are deep in the timing band to print a daily cycle low.
The miners will need to break above the declining daily cycle trend line to confirm a new daily cycle.

The encouraging thing is on a day when it seemed ripe for the Miners to sell off, they had a bullish reversal.

Also palladium had another bullish day.

Palladium has been leading the precious metals this year and is continuing to do so.
It formed a daily cycle low last Thursday along with gold.
While a swing low was formed, it had failed to confirm a new daily cycle.
In fact it did a bottom test.

Today see that palladium has broke above the declining cycle trend line confirming a new daily cycle.

Maybe palladium is sniffing out an impending turn for the dollar.