Cycle Trading

The Dollar
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The dollar’s daily cycle peaked on day 11 and printed its lowest point on Friday, day 15. A peak on day 11, or later, begins to shift the likelihood that this daily cycle will form as a right translated cycle.

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The bullish reversal on Friday found support at the 50 day MA and the lower stem of the developing triangle consolidation. An early daily cycle low could be left behind as the dollar prints higher lows and lower highs as it continues this triangle consolidation.

Stocks
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Stocks are clearly consolidating in a triangle. Friday was day 15 for the daily equity cycle. Stocks tagged the lower stem of the triangle consolidation on Friday. The over 1 Billion B.O.W. that printed on Friday suggest that we will see a bounce here.

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If the current peak of day 13 remains, then stocks will likely form a left translated daily cycle. A break below the previous daily cycle low of 2045.50 forms a failed daily cycle and confirms the intermediate cycle decline.

With the intermediate cycle at week 26 our expectation is for a bearish resolution to this consolidation. In the Weekend Report I will discuss how a bearish resolution to this consolidation can result in a bullish development as we look at the weekly cycle.

Stocks are staring at an intermediate cycle decline. Gold and commodities appear to be leaving behind an intermediate cycle low. The Weekend Report tracks all of this, providing a framework of expectations.

For this week I am offering a special 6 week trial subscription for $15.00.

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles. Also included in the Weekend Report is the Likesmoney CycleTracker

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