Cycle Trading

The Miners formed a swing low on Thursday.

The Miners broke below the day 46 low on Tuesday then delivered bearish follow through on Wednesday.  Wednesday was day 54, placing them very deep in their timing band for a DCL.  The Miners formed a bullish reversal on Wednesday which eased the parameters for forming a swing low.  The Miners then formed a swing low on Thursday that closed above the declining trend line and turned the 10 day MA higher so we will label day 54 as the DCL.   The Miners are currently in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a new daily uptrend.