Cycle Trading

The Dollar 

The dollar printed its lowest point on day 31, which places the dollar in its timing band for a DCL

A swing low formed on Monday to signal the new daily cycle. However the dollar remains contained by the declining 10 day MA. The dollar will need to close back above the declining trend line in order to confirm the new daily cycle.   Currently, the dollar is in a daily downtrend. The dollar will remain in its daily downtrend until it can close back above its upper daily cycle band

Stocks

Twice before stocks broke out above the upper trend line.

And both times saw stocks close back below the upper trend line. 

At 29 days, stocks are one day shy of their timing band for a daily cycle low. Closing below the 10 day MA on Thursday should send stocks into a daily cycle decline and a close below the blue trend line should be a hard stop. However, stocks formed a bullish reversal on Friday above the upper trend line. A swing low and a close above the 10 day MA would signal that the bubble scenario is in play. 

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