Cycle Trading

The Miners

The Miners printed their lowest point on day 42, placing the Miners very late in their timing band for a daily cycle low. While a swing low did form, the Miners did not close above the declining 10 day MA — until Monday.

The Miners had a big day on Monday. They gained 3.21 % on Monday to close convincingly above the declining 10 day MA to confirm the new daily cycle. The Miners are still in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a new daily uptrend.

I discuss what this means to the intermediate Miner cycle in the Mid-Week Update.

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