The 9/16/16 Weekend Report Preview

The Dollar
$$$

The dollar’s daily cycle peaked on day 9 and then printed its lowest point on day 14, which is early for a daily cycle low.

The declining trend line break and Friday’s close above the upper daily cycle band both indicate that day 14 hosted an early daily cycle low. I am reluctant to label day 14 as a daily cycle low until we see what happens with the 200 day MA. A close above the 200 MA would provide further evidence for an early daily cycle low. But if the dollar is firmly rejected by the 200 MA then we would need to consider that Friday was day 20.

Stocks
stocks

Stocks printed their lowest point on Monday, day 53, following the day 34 peak. That places stocks deep in their timing band to print a daily cycle low.

Stocks still could spike lower. But being so late in the daily cycle timing band any break lower should be recovered quickly. Currently a break above Monday’s high 2163.30 will form a daily swing low to signal a new daily cycle.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & 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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