Cycle Trading

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

After rallying out of the day 21 cycle low, the dollar peaked on day 3 and formed a swing high on day 5. The bearish zero line crossover on the True Strength Indicator signals a daily cycle decline.

Bearish follow through will lock in a left translated formation to this daily cycle, which is characteristic of a failed daily cycle and an intermediate cycle decline.

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

While it is possible that Thursday was day 5 of a new daily cycle, it looks more likely that was day 16.

Stocks appeared to have printed an early 26 day daily cycle low in March. The ensuing rally out of that low peaked on March 23rd. Stocks have failed to break above the declining trend line off the March 23rd peak. If day 26 was the daily cycle low, then a break below 2039.69 forms a failed daily cycle and confirms the intermediate cycle decline.