Cycle Trading

The Dollar

The dollar printed its lowest point on day 49, placing the it deep in its timing band for a DCL.  

The dollar formed a swing low on Monday, closing above the 10 day MA. The dollar then closed higher again on Wednesday and is beginning to turn the 10 day MA higher so we will label day 49 as the DCL.  The dollar is 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 closed below the 4135 resistance level back in the consolidation zone on Thursday. 

Friday was day 27, placing stocks in the early part of its timing band for a daily cycle low. Closing back in the consolidation zone shifts the odds that stocks are beginning their daily cycle decline.

We are still watching for is a close below the 10 day MA. Then a break below the daily cycle trend line will send stocks to seek out their DCL.

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