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Cycle Trading

Miner Reaction

The dollar formed a bullish reversal on Tuesday.

Tuesday was day 41, that places the dollar deep in its timing band for a DCL.

A break above 102.32 will form a swing low. Then a close above the 10 day MA would have us label day 41 as the DCL.

The Miners formed a swing high on Tuesday in reaction to the dollar’s swing low. The Miners closed 3.46% lower and also closed below the daily cycle trend line. A close below the 10 day MA will signal the daily cycle decline.

2 responses to “Miner Reaction”

  1. Alexandru Avatar
    Alexandru

    Isn’t the dollar also due to begin a new Intermediary Cycle, which may put pressure on stocks and metals for several weeks?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Absolutely. I suspect that the BOJ yield curve control is, in part, helping to keep a lid on the dollar.

      Reply

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