Cycle Trading

The dollar formed a swing low on Monday then closed above the 10 day MA on Tuesday to signal day 23 as the DCL. .

The dollar went on to deliver bullish follow through, turning the 10 day MA higher. 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

The status of the daily cycle is not clear. Stocks printed its lowest point on day 25, placing it in the early part of its timing band for a DCL. Wednesday’s swing low closed back above the 10 day MA.  With stocks in a daily uptrend, that signaled day 25 as the DCL. That was negated on Thursday.

Stocks formed a swing high and closed back below the 10 day MA on Thursday. That negates Wednesdays swing low and calls into question if day 25 was the DCL. A break below the day 25 low of 6029.89 will extend the daily cycle decline.

But a close above Tuesday’s high of 6092.59 will signal a continuation of the daily uptrend and signal a cycle band buy signal — in which we would then label day 25 as the DCL.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

Subscribers click here.