Cycle Trading

The Dollar
http://postimg.org/image/8jp4ugbcv/

The daily cycle count remains unclear.

http://postimg.org/image/4f15zdp71/

The dollar broke out to a new high on Friday possibly extending the daily cycle out to day 27. I think that it is more likely that the daily cycle peaked on day 22. The dollar has been so incredibly bullish that I think that the low that formed on day 23 was a stealth daily cycle low. The new high on Friday formed off the day 23 low signals a new daily cycle.

Left translated dollar cycles typically peak by day 8. The swing low formed on Friday, day 4, signaled a new daily cycle. If our cycle count is accurate then we should see the dollar top soon and then decline into a failed daily cycle.

Stocks
http://postimg.org/image/69wujdu9x/

The daily equity cycle broke out to a new all time high on Friday, which was day 27.

http://imageshack.com/a/img537/1905/zRYR9r.jpg

Currently a total of 3.56 billion Selling on Strength has printed. This is the type of number we can expect to see at an intermediate cycle top.

Recall how we had a similar Buying on Weakness number leading into the last cycle low.

http://imageshack.com/a/img905/6418/WxSoS1.jpg

The above chart shows how the BOW numbers accumulated as stocks declined into their recent cycle low. The 4.019 billion BOW number was a huge number that signaled an intermediate cycle low.

A new high on day 27 assures us that this daily cycle will form as a right translated cycle. Which means we can expect the next daily cycle to go on to print a higher daily cycle high.

The SOS numbers seems to be at odds with our cyclical expectation of the next daily cycle printing a higher daily cycle high. I think that after the decline into the impending daily cycle low we will see stocks quickly set a new higher high. After a new higher high we will see stocks roll over into a left translated cycle, daily cycle decline that will lead into an intermediate cycle decline.

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