Monday was day 11 for the daily Miner cycle which is too early to expect a daily cycle low. However, the miners formed a swing low off of support from the 50 day MA on Tuesday. So even if Monday was an early daily cycle low, the longer term weekly picture remains bearish.
This is week 25 for the intermediate Miner cycle, which places the Miners in their timing band for an intermediate cycle low. While the Miners have formed a weekly swing high, they have yet to close below the 10 week MA to signal the intermediate cycle is in decline. And once in decline, the Miners should break below the weekly trend line before forming their intermediate cycle low.
Cycle Trading 
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