The 10/01/16 Weekend Report Preview

The Dollar

Since the dollar was rejected by the 200 day MA it has been contained by both the the 10 day MA and the declining 50 day MA.

The recent volatility has obscured our daily cycle count. Since the dollar has not been able to regain the 50 day MA I believe that Friday was day 30 for the dollar’s daily cycle. Which places the dollar late in its daily cycle timing band.


After peaking on day 8, stocks formed a swing high and broke lower. Stocks found support along the rising daily cycle trend line on Tuesday and once again on Thursday.

Friday was day 14 for the daily equity cycle. Stocks need to break above the day 8 high of 2179.99 in order to begin to shift the odds towards a right translated daily cycle formation. However a swing high accompanied by a break below the daily cycle trend line would signal that the daily cycle decline is at hand.

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.

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