Cycle Trading

Dollar

The dollar formed a swing low on Tuesday but negated that by forming a swing high on Thursday.

The dollar closed below the 200 day MA on Thursday then delivered bearish follow through on Friday.  Friday was day 25, placing the dollar in its timing band for a DCL. A swing low and close back above the 200 day MA would signal the DCL. However, the dollar is currently in a daily downtrend.  Forming a swing high below the upper daily cycle band indicates a continuation of its daily downtrend and signals a cycle band sell signal.

Stocks

Stocks formed a bearish reversal on Friday.

Friday was day 28, placing stocks in the early part of its timing band for a DCL. Stocks have been consolidating for the past 3 days. Stocks are currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of its daily uptrend and signal a cycle band buy signal. But a bearish break out of consolidation will signal the daily cycle decline.

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