Cycle Trading

The Dollar

The dollar formed a daily swing high on Friday.

The dollar formed in intermediate cycle low in September. Typically the first daily cycle for a new intermediate cycle forms as a right translated daily cycle. Friday’s swing high is a signal that this daily cycle could left translate. I believe that the 200 week MA is providing resistance that caused the daily swing high on Friday.

Stocks

Stocks closed below the 10 day MA on Thursday and delivered bearish follow through on Friday to confirm the daily cycle decline.

The peak on day 26 locks in a right translated daily cycle formation. Friday was day 36, placing stocks in their timing band for a DCL. A break above 2909.64 forms a swing low to signal a new daily cycle. Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band that will indicate that stocks remain in their daily uptrend and trigger a cycle band buy signal.

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