Cycle Trading

The Miners delivered bullish follow through on Tuesday.

The Miners formed a swing low on Friday then closed above the 10 day MA on Monday to signal the new daily cycle. The Miners delivered bullish follow through on Tuesday by closing above the declining trend line to confirm the new daily cycle. A close above the 50 day MA and upper daily cycle band will end the daily downtrend and begin a new daily uptrend.

In the Weekend Report I plan to detail what this means for the intermediate cycle. But I will give you a hint — Bullish.