Pre-Summary
The Miners printed their lowest point on Day 42, placing them deep in their timing band for a DCL. A swing low formed last Thursday, but confirmation remained outstanding. On Tuesday, the Miners provided the evidence.
The Miners printed their lowest point on Day 42, placing them deep in their timing band for a DCL. The Miners formed a swing low last Thursday but remained contained by the 10-day MA—until Tuesday.
On Tuesday, the Miners closed convincingly above the 10-day MA. The Miners are currently in a daily uptrend. The close above the 10-day MA indicates a continuation of the daily uptrend and signals a cycle band buy signal. We will now label Day 42 as the DCL. The bullish TSI zero-line crossover provides additional support for the developing cycle advance. The important distinction is that the swing low identified Day 42 as a potential DCL. The close above the 10-day MA provided the evidence needed to label it.
Cycle Alignment
The Day 42 DCL has been labeled within the larger bullish structure. The next question is whether the new daily cycle can provide bullish follow-through.
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