The 9/18/15 Weekend Report Preview

The Dollar
$$$http://postimg.org/image/8jp4ugbcv/

The dollar’s daily cycle tagged the 50 day MA on day 8, formed a swing high on day 9 and began its daily cycle decline. Left translated cycles typically peak by day 8 and result in a failed daily cycle. However the bullish reversal on Friday, day 18, could mean that this daily cycle will not fail.

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The dollar printed its lowest point on Friday, which was day 18. The left translated cycle formation has us expecting the dollar to print a failed daily cycle. However, at 18 days, the dollar has entered its timing band to print a daily cycle low. A swing low and a declining trend line break would signal a new daily cycle cycle. And as we can see on the weekly chart, which we discuss in the Weekend Report, the dollar tagged the rising 50 week MA average on Friday. Which could offer enough support for the dollar to leave behind a daily cycle low.

Stocks
stockshttp://postimg.org/image/69wujdu9x/

Stocks have begun a pattern of lower highs and lower lows. A peak on day 17 along with the bearish reversal that printed just below the 50 day MA appears to be continuing this pattern.

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Stocks peaked on Thursday, which was day 17. A swing high formed on Friday that saw stocks close below the lower daily cycle band which indicates that stocks are continuing their daily down trend. With Friday being day 18, that leaves another 2 to 5 weeks for stocks to print a daily cycle low.

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

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

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