Cycle Trading

The Miners closed higher on Monday.

The Miners ran into resistance at the declining 50 day MA last Wednesday. They drifted lower until closing for a gain on Monday. At 19 days, that does place the Miners in the early part of their timing band for a daily cycle low. But since 15 out of the previous 18 daily cycles stretched past 19 days if a swing low forms off of Monday’s bullish reversal, we will label Monday as a half cycle low.