Cycle Trading

The dollar printed its lowest point on Tuesday, day 27. That places the dollar deep in its timing band for a daily cycle low.

The dollar has:
* Formed a swing low in the timing band for a daily cycle low – check
* Delivered a bullish TSI Crossover – check

I think that it is likely that the dollar has formed a daily cycle low. But the dollar still needs to the follow to confirm a new daily cycle:

* Regain the 10 day MA – no check
* Deliver a Bullish TSI Zero Line Crossover – no check
* Break above the declining trend line – no check

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

Stocks had been consolidating for the past 3 weeks since emerging from its 6/27 intermediate cycle low. Stocks finally broke lower on Tuesday, day 26. With stocks nearing their timing band for a daily cycle low, any bearish follow through would signal the daily cycle decline.

But stocks never delivered any bearish follow through. Then on Friday stocks broke higher, printing a new daily cycle high. That makes Tuesday the half-cycle low which will allow us to draw a daily cycle trend line. Stocks are in a daily uptrend & will remain so unless they close below the lower daily cycle band.

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