Miners Get A Fresh Set Of Downs

The Miners formed a weekly swing low on Monday.

The Miners broke below the week 24 low two weeks ago to extend their intermediate cycle decline. The Miners printed their lowest point last week, which was week 30. That placed the Miners very deep in their timing band for a ICL. The Miners formed a weekly swing low on Monday, signaling that week 30 was the ICL. A close above the 10 week MA will have us label week 30 as the ICL, which gives the Miners a fresh set of downs for an intermediate cycle advance.

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