Cycle Trading

Last Thursday we looked at the Miners.

We observed that a bullish break out of consolidation – there would not be much resistance until 38.50.

The Miners shot past the 30.50 resistance level on Wednesday to breach the 40 level before closing at the 38.57. Stops can now be raised to a close below 38.50. At 26 days, the Miners are nearing their timing band for a daily cycle decline. A swing high and close below the 38.50 level would signal the daily cycle decline.