The Dollar
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Although the dollar popped higher on Friday, day 6 remains as the cycle peak.
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The daily dollar cycle has peaked on day 6, formed a swing high, and delivered a trend line break signaling the daily cycle decline. The dollar may have simply set the declining trend line on Friday. With Friday day being day 12, the dollar could decline for up to 2 to 3 more weeks
Stocks
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Stocks broke out to new highs on Friday on the announcement that Greece has managed to kick the can down the road.
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This is the 3rd daily cycle for this intermediate cycle. Therefore we are suspicious of this cycle failing, leading to an intermediate cycle decline. The large SOS number on Friday adds to our suspicion.
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