After peaking on day 20, the Miners dropped over 17% to print their lowest point on Wednesday, day 24 — placing them squarely in their timing band for a DCL.
The Miners managed to find support at the rising 50 day MA on Wednesday and formed a swing low on Thursday. From a cycle perspective, this could mark the start of a new daily cycle, but confirmation is still needed.
The Miners remain in a daily uptrend. A close above the 10 day MA will indicate a continuation of that uptrend and trigger a cycle band buy signal. However, if day 24 does turn out to be the DCL, there’s a larger concern developing at the intermediate cycle level — which I’ll be covering in detail in the Weekend Report.
Cycle Trading 
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