The Dollar
The dollar continued printing higher daily highs through Friday.
The dollar has had a monster week and has become quite stretched above the 10 day MA and will likely need to consolidate. The dollar is in a daily uptrend. It will remain ints daily uptrend unless it closes below the lower daily cycle band.
In the Weekend Report I discuss how this monster week for the dollar confirmed a new intermediate cycle. And I look at the implications for the yearly cycle, 3 year cycle and the 15 year super cycle.
Stocks
Stocks printed its lowest point on Wednesday.
Wednesday was day 32, which places stocks in its timing band for a daily cycle low. The bullish divergences on the oscillators indicate that a DCL is near. Stocks did form two convincing swing lows prior to Wednesday but delivered no bullish follow through. Stocks formed another swing low on Thursday, but Friday’s bearish close will likely end up negating Thursday’s swing low. We will need to see a swing low accompanied by a close above the 10 day MA in order to signal the daily cycle low. Stocks have been closing below the lower daily cycle band, indicating that stocks are in a daily downtrend. Stocks will remain in their daily downtrend until they can close back above the upper 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