Cycle Trading

The dollar closed back above the 200 day MA on Monday and proceeded to consolidate above it.

Friday was day 20, placing the dollar in the early part of its timing band for a DCL. A swing high and a close below the converging 10 day MA and 200 day MA would signal the daily cycle decline. The dollar is currently in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks formed a swing low on Friday.

Stocks printed its lowest point on Wednesday, day 33, placing it in its timing band for a DCL.  Stocks should turn the 10 day MA lower in order to complete its daily cycle decline. However, that may not happen here. Stocks formed a swing low on Friday. With stocks currently in a daily uptrend, a close back above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 33 as the DCL.

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