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Cycle Trading

Miner Uptrend

The Miners delivered a cycle band buy signal on Tuesday.

Since early June the Miners have been in a daily uptrend. This uptrend has been characterized by highs occurring above the upper daily cycle band band lows forming above the lower daily cycle band.

Monday was day 34, placing the Miners in their timing band for a daily cycle low. The Miners formed a swing low on Tuesday that closed above the 10 day MA to signal a new daily cycle. And since the swing low formed above the lower daily cycle band, the Miners remain in their daily uptrend and trigger a cycle band buy signal. The Miners will remain in their daily uptrend unless they close below the lower daily cycle band.

2 responses to “Miner Uptrend”

  1. Alex Avatar
    Alex

    A small noise w/ a HCL under yesyerday’s low may occur as USDJPY tops abv 107 these next couple of days in a new daily duc pe (and bonds set DCL).
    Then, indeed miners surging and Gold at 1700 and Silver close to 22 as USDJPY moves to ICL below 104 in the next fortnight.

    Reply
    1. Alex Avatar
      Alex

      …and so it happens: UJ up twds 107 and everything else moves in correlation — bonds, pm down in DC declines; SM, wtic, crb up in new DCs (to fail later as they already are in multi year cycle declines: wtic up to 58.5 now then down under 42).

      Reply

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