Confirmation Delivered

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Stocks delivered a clear and convincing trend line break to confirm today as day 2 of a new daily cycle.

spx

By forming a right translated daily cycle sets the expectation for the next daily cycle to form a higher daily cycle high.

The Miners printed a bullish reversal today.

gdx

The Miners are late in their timing band to print a daily cycle low. Today’s Bullish reversal has eased the parameters for forming a swing low. A break above 13.58 forms a swing low. A close above the lower daily cycle band will confirm a new daily cycle.

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