Cycle Trading

The Miners crossed below the weekly cycle trend line this week.

This is week 15 for the intermediate Miner cycle. A break below the weekly trend line is a signal that the intermediate cycle is in decline. Confirmation of the intermediate cycle decline arrives with a failed daily cycle.

Tuesday was day 16 for the daily Miner cycle. With a peak on day 9 the Miners are setting up for a left translated daily cycle formation. A break below the previous daily cycle low of 22.81 will form a failed daily cycle to confirm that the intermediate cycle is in decline.

The Miners continue to close below the lower daily cycle band which indicates that they are in a daily downtrend. They will continue in their daily downtrend until they can close above the upper daily cycle band.