The 2/26/22 Weekend Report Preview

The Dollar

The dollar broke above the day 6 high on Thursday.

Thursday was day 13 for the daily dollar cycle. The new high on day 13 shifts the odds towards a right translated daily cycle formation. The dollar closed above the upper daily cycle band on Thursday. Closing back above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend.

Stocks

Stocks formed a bullish reversal on Thursday that regained its breakdown level.

Stocks delivered bullish follow through by forming a swing low and closing above the 10 day MA on Friday to indicate that day 22 was an early DCL. Stocks will still need to break above both the 200 day MA and the 50 day MA before a trending move can develop. Stocks beginning a new daily cycle has implications for the intermediate and yearly cycles — which I breakdown in the Weekend Report.

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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