
The Miners was being squeezed between the rising 10 day MA and the 50 day MA – until Tuesday.

The Miners were rejected by the 50 day MA and closed lower on Tuesday. They formed a swing high and closed below the 10 day MA. A close below the lower daily cycle band will signal the daily cycle decline. With a peak on day 10 sets up a possible left translated daily cycle formation and continuation of the intermediate cycle decline.
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