Cycle Trading

The Miners undercut the day 20 low on Tuesday.

The Miners broke below the day 20 low on Tuesday, extending the daily cycle decline to day 23. This places the Miners in their timing band for a daily cycle low. Which increases the odds that the next swing low will signal a new daily cycle.

In the Weekend Report I also discussed how the Miners are now in their timing band for a longer term, intermediate cycle low. So once a daily cycle low forms, it will likely mark the intermediate cycle low. Bullish divergences are beginning to appear on the oscillators, which we often see at the longer term, intermediate cycle low. And once the intermediate cycle low forms, the Miners should trend higher for the next 12 to 18 weeks before the intermediate cycle tops.