The Miners are in their timing band for a daily cycle low. While the Miners have not yet confirmed a new daily cycle, Friday’s bullish follow through looked pretty convincing that Wednesday was the daily cycle low.
However, the Miners were down big on Monday.
Last Wednesday was day 36, placing the Miners deep in their timing band for a DCL. The dollar forming a daily swing high on Monday adds to a favorable set up for the Miners to rally. However, the Miners down over 2% on Monday.
At this point we do not know if the Miners are re-testing their day 36 low or extending their daily cycle decline further. A break below the day 36 low of 20.67 will extend this daily cycle decline. A break above the accelerated (blue dashed) declining trend line signals day 36 as a daily cycle low.
Cycle Trading 
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