Cycle Trading

3/18

Sorry – charts. Perhaps I will be able to post a morning update tomorrow.

The dollar printed a dramatic reversal today which formed a swing low.
We acknowledged in the Weekend Report the likelihood of a brief decline and the expectation of a new high.

With such a late cycle count we need to suspect that the daily cycle low was printed. With such a brief decline a break to new highs is needed to confirm a new daily cycle.

Then we will keep watch to see if this new daily cycle peaks on or before day 8. Peaking on or before day 8 would signal a left translated daily cycle.

Gold gave us a pleasant upside surprise today.
Monday was day 17 for gold’s daily cycle.
Gold closed above 1600 and keeps alive the possibility of printing a right translated daily cycle. Breaking above 1620 locks in a right translated nature to this daily cycle and signals that yearly cycle decline is over.