The Miners printed their lowest point on day 27, placing them in their timing band for a daily cycle low (DCL). After being contained by the 10 day moving average for several sessions, the Miners closed above it on Friday, then delivered bullish follow-through on Monday and Tuesday, confirming day 27 as the DCL.
Momentum strengthened further as the Miners closed above both the 50 day moving average and the upper daily cycle band on Monday. Closing above the upper daily cycle band ends the daily downtrend and establishes a new daily uptrend.
This breakout also signals that an intermediate cycle low (ICL) may have been set. I’ll discuss the status of the intermediate cycle — and what this development could mean going forward — in The Weekend Report.
Cycle Trading 
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