Cycle Trading

The Miners formed a weekly swing low this week.

The Miners undercut week 27 to print its lowest point on week 32.  That placed the them very deep in their timing band for an intermediate cycle low. The Miners formed a weekly swing low and closed convincingly above the 10 week MA and the declining weekly trend line to confirm the new intermediate cycle.  The Miners are currently in a weekly uptrend.  Forming the weekly swing low above the lower weekly cycle band indicates a continuation of their weekly uptrend and triggers a weekly cycle band buy signal.