Cycle Trading

The Miners closed above the upper daily cycle band on Tuesday.

The Miners printed their lowest point on day 41 to place them late in their timing band for a daily cycle low. Then they formed a swing low on and closed above the 10 day MA last week. The Miners delivered bullish follow through by closing above the upper daily cycle band on Tuesday. This indicates that day 41 was the daily cycle low. Also, closing above the upper daily cycle band resumes the daily uptrend. The Miners will remain in their daily uptrend unless they close below the lower daily cycle band.