Cycle Trading

The Miners closed below the daily cycle trend line on Tuesday.

The Miners formed a swing high on Friday. They closed below the 10 day MA on Monday to signal the daily cycle decline. The Miners then delivered bearish follow through on Tuesday by closing below the daily cycle trend line to confirm the daily cycle decline. However, the Miners are currently in a daily uptrend. If a swing low forms above the lower daily cycle band then the Miners will remain in their daily uptrend and trigger a cycle band buy signal.