Cycle Trading

We were concerned that Thursday’s swing high would lead to a daily cycle decline. On Tuesday the Miners delivered bearish follow through.

The Miners closed convincingly below the short term trend line to confirm the daily cycle decline. At 48 days, the Miners could print a DCL any day now. The Miners are currently in a daily uptrend. If the swing low forms above the lower daily cycle band then the Miners will remain in their daily uptrend and will trigger a cycle band buy signal.