Cycle Trading

The Junior Miners broke out of their triangle consolidation on Tuesday.

The Junior Miners closed above the upper daily cycle band in early December to begin a new daily uptrend. After peaking early January, the Junior Miners have been consolidating by printing lower highs and higher lows. On Tuesday, the Junior Miners broke convincingly out of consolidation and closed back above the upper daily cycle band. This renews its daily uptrend and triggers a cycle band buy signal.