Cycle Trading

The Miners delivered bearish follow through on Thursday, which was day 38, placing them late their timing band for a daily cycle low.  The Miners should break below the daily cycle trend line in order to form its pending daily cycle low. The peak on day 34 locks in a right translated daily cycle formation, which aligns with the Miners being in a daily uptrend.  They will remain in their daily uptrend unless they close below the lower daily cycle band.