Miner Anticipation

The Miners broke below the day 19 low on Monday to extend its daily cycle decline.

Monday was day 21, placing the Miners in the early part of its timing band for a DCL. We are watching the rising 50 day MA for possible support for a DCL to form. The Miners are currently in a daily uptrend. If the Miners form a swing low above the lower daily cycle band and close back above the 10 day MA that will indicate a continuation of their daily uptrend and signal a cycle band buy signal.

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