Cycle Trading

The Dollar
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The previous daily cycle broke above the 100 level and peaked on day 13. Then went on to print a right translated 21 day, daily cycle low. The current daily cycle failed to print a higher high as it peaked on day 11. This past week the dollar broke below the previous daily cycle low, forming the first failed daily cycle in a year.

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The dollar printed its lowest point on Thursday, day 23. While the dollar could still go lower for another 3 to 5 days, at 23 days the dollar is in its timing band to print a daily cycle low. A swing low did form on Friday. A break of the declining trend line confirms a new daily cycle.

Stocks
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The daily equity cycle peaked on Monday, day 21 by printing a bearish reversal. A swing high then formed on Tuesday. Stocks closed below the 50 day MA on Wednesday confirming the daily cycle decline.

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Stocks formed a swing low on Friday. Thursday was only day 24 for the daily equity cycle, which would be early for a daily cycle low. We would need to see stocks break above the day 21 high of 2125.92 to confirm a new daily cycle.

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