Dollar

The dollar formed a swing low on Friday.

The dollar is in a daily uptrend. Forming a swing low above the upper daily cycle band indicates a continuation of the daily uptrend and triggers a cycle band buy signal.
Stocks

Stocks were rejected by the 200 day MA on Thursday to signal a continuation of its daily cycle decline.

Stocks printed their lowest point on Friday, day 40, placing stocks deep in their timing band for a DCL. After the 2.77% drop on Friday, stocks would benefit from a narrow range lower low which would ease the parameters for forming a swing low. A swing low and recovery of the 10 day MA will signal the new daily cycle. Stocks are currently in a daily downtrend. Stocks will remain in their daily downtrend unless they close back above the upper daily cycle band.
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