The status of the daily cycle is obscure. The rally out of the day 18 low only marginally turned the 10 day MA higher. So it is not clear if Tuesday was day 25 or day 7 of a failed daily cycle.
It is times like this that is it helpful to look at the bigger picture.
The Miners formed a bearish reversal on week 16. The Miners formed a weekly swing high the following week. This week they are in the process of delivering bearish follow through. This is week 19, placing the Miners in their timing band for an ICL. A close below the 10 week MA will signal the intermediate cycle decline. The Miners should then turn the 10 week MA lower in order to complete its intermediate cycle decline.
Cycle Trading 
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