Cycle Trading

While we do not know if this will lead to a sustained breakout or not, the Miners did close out the week back above the 38.50 level.

We need to acknowledge the bearish divergence developing on the oscillators. And a close below 38.50 should still be used as the stop. The Miners are currently in a daily uptrend.   They will remain in their daily uptrend unless they close below the lower daily cycle band.