I am going to begin tonight with an excerpt from this week’s Weekend Report.
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The Miner’s daily cycle peaked on day 23 and then printed its lowest point, since the cycle peak, at day 25.
The Miners then consolidated for the next 8 sessions forming a mini triangle pattern. During a triangle consolidation the cycle low is not the lowest point following the cycle peak. The low is the low in the apex of the consolidation. Thursday the Miners printed a low in the apex of the consolidation. Friday the Miners broke above the upper stem marking day one of a new daily cycle.
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And now let’s look at today’s chart.
The Miners provided clear and convincing follow through marking day 2 of the new daily cycle. The bullish crossover on the True Strength Indicator helps to confirm the daily cycle low. I feel the part of what is driving the Miners higher is the dollar heading lower.
The dollar’s daily cycle peaked on day 5. Three days later it broke below the daily cycle trend line confirming its daily cycle decline. With a day 5 peak, we are assured that the dollar’s daily cycle will form in a left translated fashion.
I also want to point out that the day the dollar broke below the daily cycle trend line was the day that the Miners printed their day 32 daily cycle low. I think that when the dollar breaks below the support at 80.65 that the Miners will respond in a bullish fashion. And at day 11, the dollar still can lower for another 2 – 3 weeks before printing a daily cycle low.
Bonds are in the timing band for their daily cycle low.
The daily bond cycle peaked last Monday which was day 22. They then declined into Friday day 26, printing the lowest point since the day 22 peak. As we can see the last two daily cycle lows printed at day 26. A break above 107.22 forms a swing low and at this late stage will likely be the daily cycle low.
Cycle Trading 
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