
The Miners recovered the 200 day MA on Tuesday.

The Miners printed their lowest point on Friday, day 45, placing them deep in their timing band for a DCL. The Miners formed a swing low and closed above both the late December DCL and the 200 day MA to signal a new daily cycle. We will use a close above the declining trend line to label day 45 as the DCL.
It appears that Friday was the DCL. Since the Miners formed a failed daily cycle as it printed the day 45 low, there is a possibility that Friday might also be the intermediate cycle low. In the Weekend Report I plan to outline the parameters that need to be satisfied for Friday to also mark the intermediate cycle low.
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