Cycle Trading

The Dollar

The dollar peaked on day 16 and has printed its lowest point on Tuesday, day 26, which places the dollar in its timing band for printing a daily cycle low.

A swing low formed on Thursday. But the dollar needs to break above the declining trend line to confirm the new daily cycle.

Stocks

Stocks have been trading in a narrow range for over the past 6 weeks. While stocks remain above the upper daily cycle band, indicating a daily uptrend, the momentum indicators have been developing a bearish divergence.

Friday was day 13 for the daily equity cycle. If the intermediate cycle is to form as a left translated weekly cycle then the current daily cycle would need to also form as a left translated cycle. Therefore a close below the daily cycle trend line should send stocks into their daily cycle decline. It would also lock in an extremely left translated daily cycle formation.

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