Cycle Trading

The dollar printed its lowest point on Monday, day 20, placing it in the early part of its timing band for a DCL. 

The dollar formed a swing low on Tuesday.   The dollar delivered bullish follow through on Thursday, closing above the 10 day MA to signal day 20 as the DCL.  The dollar went on to close higher on Friday, turning the 10 day MA higher.   The dollar is still in a daily downtrend.  But a close above the upper daily cycle band will end its daily downtrend and begin a new daily uptrend.

Stocks ran into resistance at the 50 day MA on Wednesday. Stocks were rejected by the 50 day MA and broke below the day 29 low on Thursday to extend the daily cycle decline. Stocks went on to print a lower low on Friday.    Friday was day 32, placing stocks in their timing band for a daily cycle low.  Stocks formed a bullish reversal on Friday, which eases the parameters for forming a swing low. A break above 5959.40 will form a swing low. Then a close above the converging 50 day MA and the 10 day MA will signal the new daily cycle.  Stocks are currently in a daily downtrend. Stocks will remain its daily downtrend unless they close above the upper daily cycle band. 

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