Miner Swing High

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Last Thursday we discussed how the Miners were delivering bearish signals. The Miners followed through on Monday by forming a daily swing high.

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Monday was day 15 for the daily Miner cycle. That places the Miners 3 days shy of entering their timing band to seek out a daily cycle low. The swing high that formed on Monday signals the start of the daily cycle decline.

Bonds are continuing their daily cycle decline.

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We discussed previously how bonds were becoming bearish. The daily bond cycle peaked on day 6, and formed a daily swing high on day 7. A peak on day 6 assures us of a left translated daily cycle formation. Monday was day 17 which places bonds on the verge of entering their timing band for a daily cycle low. The bearish turn on Monday should send bonds into their final daily cycle decline. A break below the previous daily cycle low of 136.74 would form a failed daily cycle and confirm the intermediate cycle decline.

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