The Dollar
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The dollar printed a new daily cycle high on Friday. A new high on day 10 has shifted the odds of this daily cycle forming in a right translated manner.
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The timing band for a daily cycle low begins on day 18. So with Friday being day 10, this daily cycle can run another 2 to 3 weeks before printing a daily cycle low.
Stocks
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Stocks found support at the 50 day MA on Monday and powered through this week to print a new, all-time high on Thursday.
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Friday was day 10 for the daily equity cycle. A swing high did form on Friday. Usually the first daily cycle of a new intermediate cycle forms in a right translated manner. So any break of the daily cycle trend line will likely lead to a half cycle low.
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