Miner Update

The daily Miner cycle peaked on day 14. They delivered a clear and convincing trend line break on Friday to confirm the daily cycle decline.

gdxhttp://postimg.org/image/tihljz421/

The Miners also lost the 10 day MA on Friday. The Miners failed to regain the 10 day MA Monday & Tuesday. Wednesday was a volatile day that saw a test of the declining 50 day MA along with printing a lower low. Wednesday was day 19 for the daily Miner cycle. The Miners have entered their timing band for a daily cycle low. A close above the declining 50 day MA will signal a new daily cycle.

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