The Miners broke bullishly above the 50 day MA and the 200 day MA on Thursday. They delivered bullish follow through on Monday, closing 6.32% higher on the day.
Monday was day 19 for the daily Miner cycle. A new high on day 19 assures us of a right translated daily cycle formation. That 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.
We will need to keep an eye on gold as the Miner’s daily cycle starts to mature.
Gold is approaching the 1800 resistance level. Gold hitting this level will have good odds of sending the Miners to seek out their daily cycle low.
Cycle Trading 
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