Cycle Trading

The Miners formed a bullish reversal on Thursday.

The Miners became stretched above the 10 day MA on day 12. Profit taking saw the Miners retrace back to the 50 day MA. The Miners formed bullish reversal on the support from the 50 day MA on Thursday. The Miners are currently in a daily uptrend.  If they form a swing low above the lower daily cycle band that will indicate a continuation of their daily uptrend and signal a cycle band buy signal. Break above 28.88 will form a swing low.