The 6/23/17 Weekend Report Preview

The Dollar
$$$

The dollar printed its lowest point the preceding week on Thursday, day 54. The dollar has since formed a swing low and closed consistently above the 10 day MA signaling a new daily cycle.

The dollar still needs to close above the declining trend line to confirm that Friday was day 6 of the new daily cycle. The dollar is in a daily downtrend & will continue until it closes above the upper daily cycle band.

Stocks
stocks

Stocks peaked on Monday, day 21. Stocks formed a swing high on Tuesday then breached the daily cycle trend line on Friday setting up for a daily cycle decline.

Friday was day 25, placing stocks 5 days shy of their timing band for a daily cycle low. A clear and convincing break of the daily cycle trend line is needed to confirm the daily cycle decline. The peak on day 21 shifts the odds toward a right translated daily cycle formation. However, due to the status of the intermediate cycle I believe that the current daily cycle is still at risk of forming as a left translated, failed daily cycle. A break below the previous daily cycle low of 2352.72 forms a failed daily cycle, which confirms that the intermediate cycle is in decline.

The huge Selling on Strength number from Friday supports this possible scenario.

Stocks printed 783 million SOS on Friday. This is the type of SOS number that is associated with an intermediate cycle top.

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

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You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The 6/16/17 Weekend Report preview

The Dollar
$$$

The dollar undercut the day 49 low, extending the daily cycle out to day 54. The dollar formed a daily swing low on Thursday indicating that day 54 hosted the DCL.

54 days places the dollar very deep in its timing band for a daily cycle low. Still, the dollar needs to break above the declining trend line to confirm the new daily cycle. The dollar has been closing below the lower daily cycle band indicating a daily downtrend. The dollar will remain in its daily downtrend until it closes above the upper daily cycle band.

Stocks
stocks

Day 15 remains as the daily cycle high keeping alive the possibility of a left translated daily cycle formation.

Stocks have been consolidating in a narrow range for the past two plus weeks. The bearish divergence developing on the momentum oscillators indicate a bearish resolution to the consolidation. A break below the day 15 low of 2415.70 will form a daily swing high and indicating a left translated cycle formation. Stocks remain in a daily uptrend and will continue in its uptrend unless it closes 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.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report