Cycle Trading

The Dollar

The dollar closed above the declining trend line and 10 day MA on Wednesday to confirm the new daily cycle.

This is the 5th daily cycle for the current intermediate cycle. Therefore we are expecting a left translated daily cycle formation to trigger the intermediate cycle decline. Friday’s bearish reversal on day 4 indicates a left translated daily cycle formation. A break below 94.43 will form a daily swing high to signal the daily cycle decline.

Stocks

Stocks printed a new high on Friday, day 10.

While stocks printed a new high on Friday, there are bearish divergences developing on the oscillators. The status of the intermediate cycle has us expecting a left translated daily cycle formation. A swing high and a break below the daily cycle trend line would indicate that the daily cycle decline has begun. 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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