Cycle Trading

The Dollar

The dollar printed its lowest point on day 40 and has formed a swing low. The dollar is still seeking out confirmation for its daily cycle low.

A close above the 10 day MA would confirm a DCL. The bullish divergence developing on the oscillators align with a day 40 DCL. The dollar is in a daily downtrend and will remain so unless it closes above it the upper daily cycle band.

Stocks

Stocks formed a swing high on Tuesday. They continued lower to close below the daily cycle trend line on Friday to confirm the daily cycle decline.

Friday was day 53 for the daily equity cycle, placing stocks deep in their timing band for a DCL. The peak on day 48 locks in a right translated daily cycle formation. Stocks have satisfied all the conditions for confirming the daily cycle decline. Therefore a swing low has good odds of marking the daily cycle low. Then a close above the 10 day MA would signal a new daily cycle. Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band they will remain in their daily uptrend.

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