Cycle Trading

The Miners formed a daily swing low on Tuesday.

The Miners printed their lowest point on Monday, day 31. That places them in their timing band for a DCL. The decline into the day 31 low did not retrace to the 38 fib level which makes me a bit suspicious that day 31 was a DCL. However, the Miners did close back above the 10 day MA. The Miners are currently in a daily uptrend. A close above the 200 day MA will indicate a continuation of the daily uptrend and signal a cycle band buy signal — which we would then label day 31 as the DCL.