Miner Distribution

The Miners broke above the day 12 high on Thursday.  However, they were unable to deliver any bullish follow through. Instead, they formed a bearish reversal on Friday.  Tuesday was day 22 for the daily Miner cycle.  At 22 days, the cycle is starting to become mature.  A close below the 10 day MA will signal the daily cycle decline. The Miners are currently in a daily uptrend.  The Miners will remain in their daily uptrend unless they close below the lower daily cycle band.

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