Cycle Trading

The Dollar
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The dollar’s current daily cycle printed a new high on Friday, day 19. The dollar has entered its timing band for a daily cycle low and will likely form one over the next 5 – 10 days. A peak on day 19 virtually assures us that this daily cycle will form in a right translated manner. Which means that we should see another daily cycle that follows and prints a higher daily cycle high.

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Allowing for the current daily cycle to conclude and then one more daily cycle would bring the intermediate cycle out to weeks 23 – 26, which is in the latter part of its timing band for an intermediate cycle low. Therefore we can expect that this next daily dollar cycle to form in a left translated manner and fail.

Stocks
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Stocks printed a higher high on Thursday, which was day 19. The odds are beginning to shift that this daily cycle will form in a right translated manner.

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While stocks did form a swing high on Friday, the rally into the close suggest that stocks will continue higher next week. Stocks appear to have back tested the previous daily cycle high. The TSI is about to deliver a bullish crossover which also suggest an underlying strength.

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