A Miner Swing Low

0

The bearish break on Monday signaled the daily cycle decline. Wednesday was day 18, placing the Miners in their (early) timing band for a daily cycle low.

00 gdx

A swing low formed today. Now a clear and convincing break above the declining trend line would confirm the new daily cycle. If a new daily cycle is confirmed, then that would mean that the Miners left behind a right translated daily cycle. Providing further confirmation that an intermediate cycle low was left behind on 11/18/15.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s