Cycle Trading

The Miners delivered a buy signal on Monday.

The Miners broke below the previous daily cycle low last Wednesday to form a failed daily cycle. They went on to print their lowest point on Thursday, day 25, placing the Miners in their timing band for a daily cycle low. The Miners formed a swing low on Friday, recovering the breakdown level, then delivered bullish follow through on Monday by closing above the 10 day MA to signal a new daily cycle. The Miners should break above the declining trend line as they rally out of their DCL. And a close above the 50 day MA and upper daily cycle band will end the daily downtrend and begin a new daily uptrend.