Cycle Trading

The Miners are finding support at the 35 level this morning.

The above is a 2 hour chart showing the Miners in the premarket and they appear to be finding some support at the 35 level.

The bigger picture shows us that at 29 days, the Miners are in their timing band for a DCL.   A swing low and a break above the declining trend line would signal the new daily cycle. The Miners are currently in a daily downtrend. They will remain in their daily downtrend until they close back above the upper daily cycle band.