The Dollar
The dollar printed a bullish reversal on Friday.
Friday was day 24 for the dollar’s daily cycle. That places the dollar in its timing band for a daily cycle low. A swing low and close above the 10 day MA would indicate that the daily cycle low has been set. A break above 97.05 will form a daily swing low. 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
Stocks broke bullishly out of its crawl above the 200 day MA to print a new high on Friday.
Friday was day 15 for the daily equity cycle. A new high on day 15 begins to shift the odds towards a right translated daily cycle formation. That 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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