The 8/14/21 Weekend Report Preview

The Dollar

The dollar formed a daily swing high on Friday.

The peak on day 8 sets the dollar up for a potential left translated daily cycle formation. Friday’s swing high closed below the 10 day MA. Any bearish follow through will signal the daily cycle decline. The dollar is currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a new daily downtrend.

Stocks

Stocks broke bullish out of consolidation the previous Friday and delivered bullish follow through this week.

Friday was day 39, placing stocks in their timing band for a daily cycle decline. At this point, this breakout will likely be given right back as stocks seek out their daily cycle low.

However, there is the potential for stocks to begin a melt-up phase. Therefore the trailing 10 day MA could now be used as the stop.  Stocks are currently in a daily uptrend. They 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.

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