Equities pushed higher again on Thursday closing above the previous all time high and once again printed a new all time high.
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Thursday was day 17 for the daily equity cycle. Stocks are getting closer to forming a right translated daily cycle. Since the previous intermediate cycle did not end with a failed daily cycle, a right translated daily cycle would certify this as a new intermediate cycle.
Week 32 certainly looks like an intermediate cycle low. That would make this week 3. A weekly cycle count of 3 means that will not enter the timing band for an intermediate cycle low for another 15 weeks.
Keep in mind that this is the 13 month of the yearly cycle. It is quite likely that this new intermediate cycle will conclude with a decline into the yearly cycle low. Therefore we can expect that this new weekly cycle form as a left translated cycle peaking by week 10.
Meanwhile, Bonds continue their decline.
Bonds have lost about 14 percent since May. The severity of the decline has made it challenging to keep an accurate daily cycle count. It looks like Bonds last printed a daily cycle low on July 5th. Then it broke above the declining cycle trend line on Tuesday, confirming that this is a new daily cycle. A swing high formed today, day 9. signaling that a daily cycle peak may have left behind.
The weekly chart displays more clarity. Since Bonds have not broke above the declining weekly trend line, that makes this week 19. It looks as though bond will now need to wait on the next daily cycle low to see if that will mark the intermediate cycle low.
The big news today came from commodities. The CRB Index broke above the declining yearly cycle trend line confirming a new yearly cycle. With the yearly cycle low for commodities being left behind, that means that the dollar’s yearly cycle has likely topped.
Things are beginning to fall into place.
Cycle Trading 
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