The 10/28/16 Weekend Report Preview

The Dollar
$$$

The dollar finally formed a daily swing high and lost the 10 day MA on Friday.

At this late stage of the daily cycle the swing high accompanied by the loss of the 10 day MA should send the dollar into its daily cycle decline. This daily cycle was extremely right translated. Therefore we can expect a brief daily cycle decline. The dollar remains in a daily uptrend. It will continue in its daily uptrend unless it closes below the lower daily cycle band.

Stocks
stocks

Stocks managed to close above the 10 day MA on Monday, but then drifted lower into Friday.

The absence of a declining trend line break makes it unclear if day 23 hosted a daily cycle low. Friday’s close below the lower daily cycle band makes it likely that stocks are continuing their daily cycle decline. That would make Friday day 34 and place stocks in their timing band to print a daily cycle low. Regardless of the daily cycle count, the weekly cycle count makes it likely for stocks to break below the day 23 low of 2114.72 Stocks have begun a daily downtrend. They will remain in the daily downtrend unless they close above the upper daily cycle band.

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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