Cycle Trading

The Miners formed a convincing daily swing high on Monday.

Monday’s swing high closed below the the daily cycle trend line to confirm the daily cycle decline. Since the Miners appear to be in the beginning stages of a strong trending move, I suspect that the daily cycle decline will be brief and likely to leave behind the two lower gaps. The Miners are in a daily uptrend. As long as the daily cycle low forms above the lower daily cycle band then the Miners will remain in their daily uptrend and signal a cycle band buy signal.