The Miners have been printing a series of lower monthly highs and higher monthly lows in a classic squeeze play and are getting close to the decision point.
After the big drop in March, the Miners recovered some in April. The Miners appear to be forming a monthly triangle consolidation.
With the yearly cycle on Month 6, there is still plenty of time in the yearly cycle for the Miners to break higher.
If the Miners fail to deliver a bullish break out of consolidation that will likely lead to the yearly cycle decline.
A full breakdown of the Miners daily, weekly, and yearly cycles can be found in the Weekend Report.
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