The Miners formed a huge, bearish reversal on Friday.
Friday was day 31, placing the Miners deep in its timing band for a daily cycle decline. The Miners closed below the previous 41.50 resistance level and the 10 day MA on Friday to signal the daily cycle decline. The Miners should turn the 10 day MA lower in order to complete their daily cycle decline. We will be watching the 50 day MA for possible support for the DCL to form. The Miners are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.
Cycle Trading 
Leave a comment