Cycle Trading

Dollar 

The dollar closed above the 10 day MA on Wednesday. However it did not deliver any bullish follow through.

The dollar lost the 10 day MA on Thursday. Then broke below the day 16 low on Friday to extend its daily cycle decline. Friday was day 23, placing the dollar in its timing band for a DCL. A swing low and close above the 10 day MA will signal the new daily cycle. The dollar is currently in a daily downtrend. Closing back below the 10 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal.

Stocks

Stocks broke out to a new all-time high on Thursday.

Stocks did not deliver any bullish follow through on Friday. Instead, they closed lower on the day.   We will be watching to see if stocks deliver any bearish follow through.  A close below the 10 day MA would set stocks up for a potential left translated daily cycle formation.  But for now, stocks are still in a daily uptrend.  Stocks will remain its daily uptrend unless it closes below the lower daily cycle band.

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