The Miners printed their lowest point on day 20, placing them in the early part of its timing band for a daily cycle low. Closing above the 10 day MA had us label day 20 as the DCL. As we discussed in the Weekend Report, due to the proximity of the 50 day MA we wanted to see a close above the 50 day MA will confirm day 20 as the DCL.
Instead of closing above the 50 day MA — the Miners ran into resistance at the 50 day MA and formed a daily swing high on Thursday.
The Miners are currently in a daily downtrend. Forming a swing high on Thursday makes it likely that Thursday was day 27 for the Miners daily cycle. What is certain is that forming a swing high below the upper daily cycle band continues the daily downtrend.
Cycle Trading 
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