This new dollar daily cycle stands at day 4.
The previous daily cycle was left translated but did not fail (break below the previous daily cycle low).
Here are the signals of an intermediate cycle low:
Timing Band – currently at week 16 --- early
Left Translated daily Cycle ---- check
Failed Daily Cycle ---- no
So there exists the possibility of this new daily cycle also marking a new intermediate cycle.
As mentioned earlier, we are watching for a break above 82.46 that forms a weekly swing low.
Another thing to watch for is that left translated daily cycles typically peak by day 9.
If this is still part of the intermediate cycle off the 2/29 low then it should peak by next Friday.
The daily cycle shows equities on day 14.
Since this is the first daily cycle of a new intermediate cycle, the expectation is for this cycle to be right translated. That would mean seeing a daily cycle peak after day 18.
Stocks had a trend line break and a swing high this week.
Stocks are likely moving into a half cycle low that will sync up with the dollar.
If the dollar’s daily cycle is left translated and peaks in the coming week, equities will probably print a half cycle low and then make a run toward the 1400 level.
A more in depth discussion can be found on my blog.