The 6/08/18 Weekend Report Preview

The Dollar

The dollar printed its lowest point on Thursday, day 36, placing it late in its timing band for a DCL. Friday’s swing low signals a new daily cycle.

The dollar needs to break above the declining trend line to confirm the new daily cycle. Confirmation of a new daily cycle will indicate that the dollar is beginning its 4th daily cycle. Which makes it likely to be the terminal daily cycle for the current intermediate cycle. Therefore we will be watching for the new daily cycle to form as a left translated cycle to usher in the intermediate cycle decline. The dollar is in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks closed at a new daily cycle high on Friday. However the over 2.7 billion Selling on Strength over the past 6 trading days warrants caution.

While stocks closed at a new daily cycle high on Friday, Thursday remains as the daily cycle peak. Unless stocks break higher, day 24 would remain as the daily cycle peak. Therefore a break below 2760.16 would form a daily swing high to signal daily cycle decline. A break below the daily cycle trend line would then confirm the daily cycle decline. Stocks continue to close above the upper daily cycle band indicating a daily uptrend. Stocks will remain in their daily uptrend unless 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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One thought on “The 6/08/18 Weekend Report Preview

  1. Pingback: S.O.S. is Adding Up | Cycle Trading

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