Cycle Trading

The Miners formed a daily swing high on Thursday..

Since day 13, the Miners have been consolidating below the 40 level. Thursday was day 23 for the daily Miner cycle.  That places them in the early part of their timing band for a DCL.  The Miners formed a swing high and closed below the 10 day MA will signal the daily cycle decline.  There will be an obvious support level at the converging 50 day MA and the 200 day MA. Currently, the Miners are in a daily uptrend.  If a swing low forms above the lower daily cycle band then the Miners will remain in their daily uptrend and trigger a cycle band buy signal.