The 12/2/119 Weekend Report Preview

The Dollar

 
The dollar printed its lowest point on Friday, day 18.   That placed the dollar in the early part of its timing band for a daily cycle low

The dollar formed a daily swing low on Tuesday and then delivered bullish follow through by closing above the daily cycle trend line and 10 day MA on Friday to confirm the new daily cycle.  The dollar has established a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.
 


Stocks

 
Stocks gapped higher on Friday and are getting a bit stretched above the 10 day MA. They may need to consolidate to allow the 10 day MA to catch up to price.

Stocks printed a new high on Friday.  A new high on day 13 beings to shift the odds towards a right translated daily cycle formation.  Which aligns with stocks being in a daily uptrend.  Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. 

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The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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