The intermediate Miner cycle peaked on week 11. The it rolled over declined and printed its lowest point in early March on week 18. We have since been awaiting confirmation of a new intermediate cycle. Today the Miners delivered two bullish signs that this is a new intermediate cycle.
The weekly True Strength Indicator delivered a bullish zero line crossover today. Should the weekly TSI remain above the zero line that will indicate that the Miners are entering general bullish conditions.
The low that formed on week 18 is in the timing band for an intermediate cycle low. Breaking above the declining intermediate cycle trend line today does signal a new intermediate cycle. With the resistance at the 20 level being so close, a close above the 20 level will confirm the new intermediate cycle.
For this week I am offering a special 6 week trial subscription for $15.00.
The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles. Also included in the Weekend Report is the Likesmoney CycleTracker
For the 6 week trial subscription click here.
Cycle Trading 
Leave a comment