The Miners broke below the day 24 low on Monday to extend their daily cycle decline. The move also pushed price under both the 50 day moving average and the lower daily cycle band — signaling a clear shift in momentum.
Closing below the lower daily cycle band ends the daily uptrend and begins a daily downtrend. Historically, this type of price action often marks the onset of the intermediate cycle decline, especially when accompanied by a loss of key moving average support. A break below the previous DCL at 67.25 would confirm a failed daily cycle and strengthen the case that the intermediate decline is in progress.
Monday marked day 27, placing the Miners within their timing band for a DCL. Technically, the conditions for a cycle low are now in place — price has closed below the 10 day MA and turned it lower. A swing low and a close back above the 50 day MA would signal the start of a new daily cycle.
Cycle Trading 
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