Last Thursday we discussed how the Miners were delivering bearish signals. The Miners followed through on Monday by forming a daily swing high.
Monday was day 15 for the daily Miner cycle. That places the Miners 3 days shy of entering their timing band to seek out a daily cycle low. The swing high that formed on Monday signals the start of the daily cycle decline.
Bonds are continuing their daily cycle decline.
We discussed previously how bonds were becoming bearish. The daily bond cycle peaked on day 6, and formed a daily swing high on day 7. A peak on day 6 assures us of a left translated daily cycle formation. Monday was day 17 which places bonds on the verge of entering their timing band for a daily cycle low. The bearish turn on Monday should send bonds into their final daily cycle decline. A break below the previous daily cycle low of 136.74 would form a failed daily cycle and confirm the intermediate cycle decline.