The Miners are in an extended daily cycle that peaked on day 23 and printed its lowest point on Wednesday, day 38.
The Miners printed an inside day on Thursday, perhaps in anticipation of forming a daily swing low. While this daily cycle is extended, should the Miners form a swing low tomorrow this daily cycle will still maintain a right translated formation. A break above 21.40 forms a swing low and will likely mark the daily cycle low.
The dollar formed a swing high today. Now we are anticipating a daily cycle trend line break that signals the daily cycle decline. And a break below 93.39 forms a failed daily cycle which will confirm the intermediate dollar decline.
We are also anticipating a new daily cycle for bonds.
The daily bond cycle peaked on day 24 and printed its lowest point on Wednesday, day 32. Bonds broke above the intra day high for Wednesday, forming a daily cycle low. A clear and convincing trend line break confirms a new daily cycle.