Cycle Trading

The Dollar

The dollar found support at the 200 day MA on Thursday and formed a swing low on Friday.

Thursday was day 26, placing the dollar in its timing band for a DCL. A close above the 50 day MA will signal the new daily cycle. We will use a close above the 10 day MA to label day 26 as the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band.

Stocks

Stocks formed a swing high on Friday.

Stocks are currently stretched above the 10 day MA.  Stocks may need to consolidate to allow the 10 day MA to catch up to price. But a close below the 10 day MA will signal the daily cycle decline.  Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.

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