Cycle Trading

The new high on day 17 assures us of a right translated daily cycle formation. Which aligns with the dollar being in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks formed a swing low on Friday.

Stocks printed their lowest point on Thursday, placing them very deep in their timing band for a DCL. Friday’s swing low signals a new daily cycle. Stocks will need to close above the declining trend line to confirm the new daily cycle. There is a bearish RSI pattern developing that is consistent with the declining phase of the intermediate cycle. That aligns with stocks being in a daily downtrend. Stocks will remain in their daily downtrend until they can close back above the upper daily cycle band.

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