The dollar’s new high today has locked in a right translated nature to the current daily cycle.
Today was day 19 for the dollar’s daily cycle. A new high on day 19, or later, locks in a right translated nature to this daily cycle. However at 19 days, the dollar has entered its timing band to seek out a daily cycle low. Which means that during the impending daily cycle decline our expectation is to see the dollar print a higher daily cycle low.
Stocks also printed a new daily cycle high on Thursday.
Stocks closed above the upper daily cycle band today which confirms that stocks are in a new intermediate cycle. Thursday was day 7 for the daily equity cycle. Since this is the first daily cycle of a new intermediate cycle our expectation is to see this daily cycle form as a right translated daily cycle. Therefore we should see the daily cycle peak around day 20, or later.