Cycle Trading

The Dollar

The dollar printed its lowest point on Wednesday, day 52.  That places it very deep in its timing band for a DCL.

The dollar formed a swing low on Thursday and then a closed above the 10 day MA to signal 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

Stocks closed above the upper consolidation box on Thursday and delivered bullish follow through on Friday.

Stocks have not delivered a recognizable DCL therefor the status of the daily cycle is not clear. Notice that RSI did not even make all the way to oversold before reversing. What is clear is that stocks are in a daily uptrend that has been characterized by highs forming above the upper daily cycle band and lows forming above the lower daily cycle band — and more recently lows forming above the upper daily cycle band.

Which signals that break out of the megaphone pattern continues to advance. 

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