Cycle Trading

The dollar has been consolidating in between the rising 10 day MA and the 200 day MA — until Tuesday.

Tuesday was day 12 and the dollar broke bullishly out of consolidation and above both the declining 50 day MA and the 200 day MA. The dollar also closed above the upper daily cycle band. Closing above the upper daily cycle and ends the daily downtrend and begins a daily uptrend. Closing above the upper daily cycle band also signals that the intermediate cycle low has been set, which could be a potential game changer for stocks. I plan to discuss this in detail in the Weekend Report.