Cycle Trading

The Dollar

The dollar printed its lowest point on day 29, following the day 26 peak.

The dollar did break below the daily cycle trend line on day 29, but did not turn the 10 day MA lower at that time. However, the dollar has started to turn the 10 day MA lower on Wednesday. The dollar should break below the day 29 low in order to complete its daily cycle decline.

Stocks

On Friday, bullish reversals formed in all of the indexes below.

And the banking index formed a swing low.

Stocks printed their lowest point on Friday, day 44, placing stocks in their timing band for a DCL. With bullish reversals across all of the indexes it looks like Friday was the daily cycle low. Stocks still need to break above 2891.31 to form a swing low. Then a close above the declining trend line will confirm the new daily cycle. Stocks have been in a daily uptrend. So if a daily swing low forms here, it would form above the lower daily cycle band keeping stocks in their daily uptrend to trigger a cycle band buy signal.

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