The dollar’s daily cycle peaked on day 8 where it was contained by the 50 day MA. Rejection by the 50 day MA on day 9 caused the dollar to form a swing high and begin its daily cycle decline.
The dollar continue lower all week. Despite finding some support at the 200 day MA on Friday, the dollar still closed below the lower daily cycle band which signals a continuation of the intermediate cycle decline.
After losing the 200 day MA stocks entered into a waterfall decline which resulted in a failed 34 day daily cycle low that printed on August 24th.
Friday was day 13 and stocks continue to follow the 2011 analogue.
Continuation of this pattern should lead to a period of volatility and result in a lower daily low forming in late October/early November.
And now I want to circle back to the dollar.
Some exciting things are happening with the dollar. In the Weekend Report we break down where the dollar is in its 15 year super cycle. And then we compare where the dollar is in its 15 year super cycle to where the Miners and the CRB are.
The entire Weekend Report can be found at Likesmoney Subscription Services
The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker
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