The dollar continued higher this week, printing a higher high on Friday.
Friday was day 10 for the daily dollar cycle. A new high on day 10 begins to shift the odds towards a right translated daily cycle formation. The dollar is in a daily uptrend. It will remain in its daily uptrend until it closes below the lower daily cycle band.
Stocks continued higher this week, printing a higher high on Friday. Stocks have begun to close above the upper daily cycle band to establish a new daily uptrend
Friday was day 10 for the daily equity cycle. The True Strength Indicator is beginning to roll over. This suggests that stocks may need to cool off and perhaps decline into a half cycle low, which could potentially see stocks back test the declining trend line.
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