Cycle Trading

The dollar daily cycle peaked on Wednesday, Day 6. It formed a weekly swing by on Thursday and closed lower again on Friday, which was day 8.

The current daily cycle follows a left translated, failed cycle so we can expect this cycle is to also form as a left translated cycle and to break below the previous daily cycle low. The dollar needs another 2 weeks to enter the timing band for a daily cycle low. Then the timing band can extend out for up to another two weeks.

Stocks

Friday was day 6 for the new daily equity cycle.

Friday saw a swing high form. Since the previous daily cycle formed as an right translated daily cycle, I expect to see the current daily cycle break out to a new daily cycle high, therefore negating this swing high. Since the current daily equity cycle is on day six we expect the daily cycle to run for another 5 to 8 weeks, printing a cycle low in May or June.

The Miners

The Miners printed a weekly swing low this week.

A weekly swing low is necessary to print an intermediate cycle low. Last week was week 29. That is deep in the timing band for an intermediate cycle low. The odds are pretty good that this is it. Even with a weekly swing low in hand, the Miners will need to travel about 100 points north to break up through the declining cycle trend line to confirm a new intermediate cycle.

Forming a right translated daily cycle will also help to confirm a new intermediate cycle.

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