The 6/16/17 Weekend Report preview

The Dollar

The dollar undercut the day 49 low, extending the daily cycle out to day 54. The dollar formed a daily swing low on Thursday indicating that day 54 hosted the DCL.

54 days places the dollar very deep in its timing band for a daily cycle low. Still, the dollar needs to break above the declining trend line to confirm the new daily cycle. The dollar has been closing below the lower daily cycle band indicating a daily downtrend. The dollar will remain in its daily downtrend until it closes above the upper daily cycle band.


Day 15 remains as the daily cycle high keeping alive the possibility of a left translated daily cycle formation.

Stocks have been consolidating in a narrow range for the past two plus weeks. The bearish divergence developing on the momentum oscillators indicate a bearish resolution to the consolidation. A break below the day 15 low of 2415.70 will form a daily swing high and indicating a left translated cycle formation. Stocks remain in a daily uptrend and will continue in its uptrend unless it closes 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 to receive a sample copy of the Weekend Report


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.