Cycle Trading

The dollar was rejected by the declining 50 day MA on Thursday and closed lower on Friday to signal the daily cycle decline. This appeared to be the first daily cycle to a new intermediate cycle. But a close below the lower daily cycle band will indicate a continuation of the intermediate cycle decline. Currently, the dollar is in a daily downtrend. It will remain in its daily downtrend unless it can close back above the upper daily cycle band.

Stocks

Stocks undercut the day 62 low to extend its daily cycle decline.

Stocks are very deep in their timing band for a DCL. Undercutting the day 62 low and closing below the 50 day MA on Friday should send everybody to the same side of the boat. However, the bullish divergence on the oscillators indicate a pending DCL. A swing low and close above the declining trend line will confirm the new daily cycle. A break above 3362.27 will form a swing low.. Stocks are currently in a daily uptrend. 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.

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