Cycle Trading

Miners became rather stretched above the 10 day MA on Friday. 

The Miners formed a swing high on Monday, finding support at the 50 day MA. The Miners will likely need to consolidate to allow the the 10 day MA to catch up to price.  The Miners are currently in a daily uptrend. We are watching for a swing low off support from either the 50 day MA or the 10 day MA to indicate a continuation of its daily uptrend and signal a cycle band buy signal.