Cycle Trading

A daily uptrend is defined by highs that close above the upper daily cycle band and with lows that close above the lower daily cycle band.

In late May the Miners closed below the lower daily cycle band and printed a failed daily cycle. That terminated their daily uptrend. In early June the Miners closed back above the upper daily cycle band beginning a new daily uptrend. The Miners printed a 19 day, right translated daily cycle low in June which closed above the lower daily cycle band. Breaking back above the upper daily cycle band following the day 19 low confirmed the new daily uptrend.

The current daily cycle sports a peak on day 12 with Friday being day 16. That places the Mines 2 days shy of entering their timing band for their daily cycle low. The bearish TSI divergence signals an impending daily cycle decline. If the Miners continue to decline and then form swing low above the lower daily cycle band next week, that has good odds of marking the daily cycle low. Which means that the Miners would remain in their daily uptrend.