Cycle Trading

The Dollar

On Friday, the dollar broke below Thursday’s low to negate the daily swing low that formed on Thursday.

Friday was day 34 for the dollar’s daily cycle, placing it in its timing band for a DCL. The dollar should break below the daily cycle trend line in order to complete its daily cycle decline.

Stocks

Stocks broke out to new highs on Friday.

Breaking out to new highs on Friday has caused the 10 day MA to turn higher, which convinces me that day 33 hosted a very mild DCL. This places stocks in their 5th daily cycle for the current intermediate cycle. Since most intermediate cycles are comprised of 3 or 4 daily cycles, the odds favor a left translated daily cycle formation here to usher in the intermediate cycle decline. Currently, 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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