The 11/18/16 Weekend Report Preview

The Dollar
$$$

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
stocks

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.

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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