Wednesday’s bearish reversal off of the day 23 high eased the parameters form forming a swing high. The Miners delivered bearish follow though on Thursday by breaking lower to form a swing high.
The Miners also breached the daily cycle trend line and ended up closing below the 10 day MA to signal the daily cycle decline. A close below the daily cycle trend line will confirm the daily cycle decline. The Miners are in a daily uptrend. So if the Miners form a swing low above the lower daily cycle band they will remain in their daily uptrend.
The dollar rallying out of what appears to be a DCL is sending the Miners lower.
Wednesday was day 34 for the dollar’s daily cycle, placing it late in its timing band for a DCL. A swing low formed on Thursday to signal a new daily cycle. A close above the declining 10 day MA will confirm a new daily cycle. The dollar is in a daily downtrend. If the dollar forms a swing high below the upper daily cycle band it will remain in its d daily downtrend.
Cycle Trading 
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