Cycle Trading

The Miners formed a bullish reversal on Monday.

Monday was day 23 for the daily Miner cycle. That places the Miners in the early part of their timing band for a daily cycle low. The Miners retraced to the 50% fib level then formed a bullish reversal off support from the 50 day MA. That eases the parameters for forming a daily swing low. A break aboveh 32.01 will form a swing low. The Miners are in a daily uptrend. If they form a swing low above the lower daily cycle band then they will remain in their daily uptrend and trigger a cycle band buy signal.