Cycle Trading

While closing above the upper daily cycle band on Tuesday and Wednesday begins a daily uptrend for the Miners, Thursday’s swing high signals a concern.

This is week 26 for the intermediate Miner cycle and the Miners have not yet printed a failed daily cycle to confirm the intermediate cycle decline. So Thursday’s daily swing high following the day 7 peak sets up a possible left translated daily cycle formation. There is a bearish RSI pattern the is beginning to emerge and we can see that the TSI has begun a bearish pattern of lower highs and lower lows. And with this being week 26 for the intermediate cycle, the late January Gap will likely begin to exert a gravitational pull, sending the Miners into their intermediate cycle decline. A close below the 10 day MA will indicate that the Miners have begun their daily cycle decline. Then a close back below the lower daily cycle and will end the daily uptrend and continue the intermediate cycle decline.