The Miners closed above the 50 day MA on Wednesday and then gapped higher on Friday.
The Miners became stretched above the 10 day MA as they ran into resistance at the 36.25 level on Friday. The Miners will likely need to consolidation to allow the 10 day MA to catch up to price. The Miners are currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of their daily uptrend and signal a cycle band buy signal.
Cycle Trading 
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