Miners From A Swing Low

The Miners formed a swing low on Tuesday.

The Miners closed below the 10 day MA on Friday and then marginally lower again on Monday. However, instead of delivering bearish follow through on Tuesday the Miners formed a swing low instead. The Miners are currently in a daily uptrend. A close back above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal.

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