The Miners have been consolidating below the 54.50 level since early June. The Miners ran into resistance at the 54.50 level on Tuesday and formed a swing high on Thursday. A close below the 10 day MA will signal the daily cycle decline. However, the Miners are still in a daily uptrend. A bullish break out of consolidation will indicate a continuation of their daily uptrend and signal a cycle band buy signal.
Cycle Trading 
Leave a comment