Cycle Trading

Monday was day 10 for the daily dollar cycle.

https://www.evernote.com/shard/s220/sh/38acfa4a-a30a-45ca-83db-8a316ecde7b7/d0c6ebd14d55065fa3785e979e3b73fa

The dollar duitifully peaked on day 8 and formed a swing high on day 9.
The follow through on day 10 signals a daily cycle decline.
The dollar will need to break below the daily cycle trend line to provide more confirmation.
A break below the previous daily cycle low will signal a failed daily cycle and an intermediate cycle decline

Monday was day 23 for the daily equity cycle.
There is a bearish divergence beginning to manifest itself on the TSI.
A break of the daily cycle trend line will signal a daily cycle decline.

However, stocks may still have another leg up in them

https://www.evernote.com/shard/s220/sh/edff9775-9643-406e-a517-7a1066cebc80/d2d9d15a5310d0c858de8b9f9b612038

There was 142 million in Buying on Weakness on Monday.

https://www.evernote.com/shard/s220/sh/73ab1a42-1dea-45f2-bdbb-3e2f33bdfed9/51a73fdcf0b8269b7a04175623e6c1ae

That signals there is still bullish interest left in this daily cycle and stocks could make on more push higher.

Editor’s note:

I am out of the office for a few days.
I am working off my IPad which is not ideally suited for posting charts.
Thank you for your understanding 🙂