The 9/20/13 Weekend Report Preview

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Tuesday saw the dollar form a swing low and test the declining cycle trend line. Then the dollar got smacked down on Wednesday – Fed Day.

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Wednesday was the lowest point since the day 12 peak. Thursday and Friday saw the dollar rally a bit. At this point we do not know if Friday was day 23 or day 2 of a new daily cycle. The dollar would need to beak above 81.22 in order to form a swing low off of Wednesday’s low or break below 80.6 to continue its daily cycle decline.

Stocks
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If this intermediate cycle is to form as a left translated daily cycle, then the current daily cycle will need also form as a left translated cycle.

The 9 20 13 Weekend Report | Cycle Trading 2013

To do so the daily cycle needs to peak by day 20. We see that the daily cycle formed a swing high on day 17 and there is also a bearish crossover on the TSI. A break below the daily cycle trend line confirms the daily cycle decline.

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

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