Cycle Trading

The Miners broke through the declining trend line on Monday.

The Miners printed their lowest point on last Wednesday, which was day 25. That placed them in their timing band for a daily cycle low. While a swing ow formed on Thursday, they closed down 1.27% on Friday — likely due to options operation shenanigans. However the Miners delivered bullish follow through on Monday, closing convincingly above the declining trend line to confirm day 25 was the daily cycle low. The Miners also closed back above the upper daily cycle band to resume their daily uptrend and trigger a cycle band buy signal.