The 9/10/21 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 25, placing it in its timing band for a DCL.

The dollar formed a swing low on Tuesday then closed above both the 10 day MA and the 50 day MA to confirm the new daily cycle. However the dollar closed below the 50 day MA on Thursday, forming a swing high. The dollar remained contained by the 50 day MA on Friday. If the dollar delivers bearish follow through that would signal the intermediate cycle decline. The dollar is currently in a daily downtrend. Forming a swing high below the upper daily cycle band signals a continuation of the daily downtrend and triggers cycle band sell signal.

Stocks

Stocks closed below the 10 day MA on Wednesday, then delivered bearish follow through Thursday and Friday to signal the daily cycle decline.

The peak on day 10 sets stocks up for a left translated daily cycle formation. At 27 weeks, stocks are deep in their timing band for an intermediate cycle decline. A break below the previous DCL of 4367.73 will form a failed daily cycle to confirm the intermediate cycle decline. Stocks are currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend.

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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