The Dollar
The dollar printed a bullish reversal on Wednesday.
Wednesday was day 27 for the dollar’s daily cycle. That places the dollar in its timing band for a daily cycle low. A swing low formed on Thursday. The dollar delivered bullish follow through on Friday by closing above the 10 day MA to indicate that the daily cycle low has been set. 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 printed a bullish reversal off of support from the 200 day MA on Friday.
A reversal at 20 days should mark a half cycle low. Setting aside the daily cycle count, stocks have otherwise satisfied the requirements for a DCL.
* Stocks formed a swing high.
* Stocks closed convincingly below the daily cycle trend line.
* Stocks closed below the 10 day MA, turning it lower.
* Stocks closed below the 50% fib level.
On top of that, stocks also closed below the 200 day MA. With the Fed pumping billions into to the market — if a swing low forms then we may be forced to label day 20 as an early DCL. Stocks are currently in a strong daily uptrend. So if a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal.
Assuming that day 20 will end up being the DCL, then stocks would be entering their third daily cycle. Since intermediate cycles are normally comprised of 2 – 3 daily cycles, then the odds would shift to this 3rd daily cycle forming as a left translated daily cycle.
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