Cycle Trading

The Dollar

The dollar printed its lowest point on Wednesday, day 25, following the day 20 peak. The dollar formed a daily swing low on Thursday then closed above both the lower daily cycle and the 50 day MA on Friday to signal a new daily cycle.

The dollar closed below the lower daily cycle band during its recent decline into its daily cycle low. That indicates the start of a daily down trend and delivers a warning signal that the intermediate cycle may have topped. Therefore we will need to be suspicious of a left translated daily cycle formation for this new daily cycle.

Stocks
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Stocks are in a daily uptrend will remain so until they close below the lower daily cycle band but the daily swing high and trend line break signals a correction for stocks.

The daily equity cycle peaked on Wednesday day 13. The daily swing high and break of the daily cycle trend line could signal a move into a half cycle low. But the intermediate set-up suggest something more sinister is afoot, which we discuss in the Weekend Report.

The entire Weekend Report can be found at Likesmoney Subscription Services

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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