The 8/04/17 Weekend Report Preview

The Dollar
$$$

The dollar formed a swing low and closed above the 10 day MA on Friday to signal a new daily cycle. A break above the declining trend line will confirm the new daily cycle.

The decline into the YCL is stretching the daily cycles resulting in a punishing daily downtrend. At this point we need to see a close above the upper daily cycle band to signal an end to the daily downtrend.

Stocks
stocks

Stocks peaked on day 19 and has since been forming a mini triangle consolidation.

1) Stocks closed above the 10 day MA on Friday.
2) A break above 2484.04 signals that day 19 was the half cycle low.
3) Stocks are clearly in a daily uptrend.
4) Stocks will remain in their 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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