Cycle Trading

The dollar tested its trend line.

Tuesday was day 12 for the daily dollar cycle and the dollar gave a slight bounce off the developing trend line. A break below this trend line confirms the intermediate cycle decline.

Bonds printed a reversal off the 200 MA .

Tuesday was day 28 for the daily bond cycle. Bonds are deep in their timing band for a daily cycle low. A break above 106.69 forms a swing low and will likely mark the daily cycle low as well.