The Dollar
The dollar closed above the 10 day MA on Tuesday and continued higher, turning the 10 day MA higher to confirm that day 14 printed an early DCL.
The dollar closed above the upper daily cycle band on Thursday and again on Friday. This ends the daily downtrend and begins a daily uptrend. Closing above the upper daily cycle band following a failed daily cycle also indicates that the intermediate cycle low has been set …
Stocks
There has been an increase in volatility over the past two weeks for stocks.
Friday was day 15 for the daily equity cycle. The current cycle high of day 9 sets up a potential left translated daily cycle formation. Stocks remain firmly in a daily uptrend but the clustering of Selling on Strength days is a warning signal of an approaching intermediate cycle decline.
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Cycle Trading 