Cycle Trading

The Miners closed above the 10 day MA on Tuesday to confirm the new daily cycle. So today I want to discuss the intermediate cycle.

The Miners printed their lowest point on week 19, placing them in their timing band for an intermediate cycle low.  The Miners should turn the 10 week MA lower in order to complete intermediate cycle decline. However, the Miners already formed a weekly swing low and recovered the 10 week MA. With the Miners currently in a weekly uptrend, a close above the 10 week MA will indicate a continuation of its weekly uptrend and signal a weekly cycle band buy signal — in which we would then label week 19 as the ICL.