The 4/28/17 Weekend Report Preview

The Dollar
$$$

The dollar broke below the previous DCL on Tuesday to form a failed daily cycle.

The previous 7 daily cycles have averaged 32.5 days. Tuesday, day 20, was the lowest point following the day 10 peak. So it is a bit early for a daily cycle low. But we will see on the weekly chart that the dollar has found support at the 50 week MA. (The weekly, yearly, 3 year, and 15 year super cycle is discussed in the Weekend Report) Therefore, a swing low and break of the daily cycle trend line will signal a new daily cycle.

Stocks
stocks

Stocks printed a bearish reversal on Wednesday. The new high on day 21, shifts the odds towards a right translated daily cycle formation.

Stocks are a bit stretched above the 10 day MA and may need to cool off. A break below the 10 day MA will signal that stocks have begun its daily cycle decline. Stocks are in a daily uptrend. They will continue in its daily uptrend until they close below the lower 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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