Cycle Trading

Russia attacking Ukraine caused a lot of volatility in the Miners. 

The Miners have been consolidating below the gap that left behind in June and above the previous intermediate cycle high. The Miners are currently in a daily uptrend.  A bullish break out of consolidation will indicate a continuation of the daily uptrend and trigger a cycle band buy signal – with not much resistance until the 38.50 level.  But a close below the 10 day MA will signal the daily cycle decline.