Cycle Trading

The Dollar

The dollar formed a swing low off the day 24 low.

We are awaiting confirmation that day 24 hosted the DCL. The bullish divergences on the oscillators indicate that day 24 was the DCL. A close above the 10 day MA will confirm the new daily cycle. The dollar is in a daily downtrend and will remain so unless it closes above below it the upper daily cycle band.

Stocks

After closing below the 10 day MA on day 30, stocks have rocketed higher.

Friday was day 34 for the daily equity cycle. Since stocks are in their timing band for a daily cycle decline we will use a swing high and break of the accelerated (blue dashed) trend line to signal the daily cycle decline. Stocks are in a daily uptrend. They will remain in their uptrend unless they close below the lower daily cycle band.

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