The Miners are at a decision point. They printed their lowest point on Monday, day 27, placing them within the timing band for a Daily Cycle Low (DCL). The Miners then formed a swing low on Tuesday and closed above the 50 day MA on Thursday — signaling that day 27 may have marked the DCL.
However, on Friday, the Miners ran into resistance at the declining 10 day MA. We will use a close above the 10 day MA to confirm day 27 as the DCL.
The Miners remain in a daily downtrend. They will stay in that downtrend unless they can close above the upper daily cycle band, which would signal a potential trend shift and renewed upside momentum.
Cycle Trading 
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