The Dollar
The dollar closed below the 10 day MA, the 200 day MA and the 50 day MA on day 21 to signal the daily cycle decline.
Any other asset that closes below the 3 moving averages listed above would surely continue the cycle decline. But due to the currency manipulation, the dollar regained all 3 moving averages on Monday and then broke convincingly out to new highs through Friday. The new high on Friday, day 26, locks in a right translate daily cycle formation which aligns with the dollar being in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.
Stocks
Stocks printed their lowest point on day 40, placing them late in their timing band for a daily cycle low.
Stocks formed a swing low and closed above the 10 day MA and the declining trend line on Tuesday to confirm the new daily cycle. Then stocks delivered bullish follow through on Wednesday and Thursday. The rally out of the DCL has caused stocks to become stretched above the 10 day MA and may need to consolidate in order to allow the 10 day MA to catch up to price. Stocks are in a daily uptrend and will remain so unless they close below the lower daily cycle band.
The entire Weekend Report can be found at Likesmoney Subscription Services
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
For subscribers click here.
You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report
Cycle Trading 
Leave a comment