The 5/06/16 Weekend Report Preview

The Dollar

The dollar’s daily cycle peaked on day 2, locking in an extremely left translated daily cycle formation.

The dollar printed its lowest point on Tuesday, day 15. We speculated that since the dollar was so deep in its intermediate cycle that the possibility existed for the formation of an early daily cycle low. The dollar formed a swing low on Wednesday and then closed convincingly above the declining trend line on Friday to confirm the new daily cycle.


The current daily equity cycle has been characterized by a series of measured corrections with a magnitude of 35 to 55 points.

Stocks lost 72 points following the day 47 peak breaking the pattern of measured corrections as stocks declined into its daily cycle low.

Stocks are deep in their timing band to print a daily cycle low. A swing low and break of the declining trend line will confirm the new daily cycle. A break above 2057.72 forms a daily swing low. Stocks are in a daily uptrend. They will remain in the daily uptrend until they close below the lower daily cycle band.

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.

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