The Dollar
The dollar lost the dual support of the 10 day MA and the 50 day MA on Monday. It then delivered bearish follow through on Tuesday and Wednesday, closing just below its 8 week trading box.
The dollar printed its lowest point on Thursday, day 14. That is to early to expect a DCL. But with the currency manipulation, a day 14 DCL allows the dollar to stay in its narrow range. The dollar currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes back above the upper daily cycle band.
Stocks
Since emerging from its day 37 DCL, stocks have been caught between the 10 day MA and the 200 day MA.
The expectation for this intermediate cycle is to right translate, therefore this second daily cycle should go on to form as a right translated daily cycle. A break above the 200 MA should result in a trending move. Stocks are currently in a daily uptrend. They will remain so unless they close below the lower daily cycle band.
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Cycle Trading 
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