The Miners broke below the day 37 low on Wednesday to extend its daily cycle decline.
Wednesday was day 42, placing the Miners deep in their timing band for a daily cycle low. The odds are good that a swing low and close above the 10 day MA will mark the DCL. Wednesday’s bullish candle eases the parameters for forming a swing low. A bullish entry can be taken on a swing low, placing the stop below Wednesday’s low of 26.03. A break above 27.38 will form a swing low. Then a close above the 10 day MA will signal the new daily cycle.
Cycle Trading 
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