The Miners delivered a buy signal on Tuesday.
The Miners printed their lowest point on Monday, following the day 16 peak. Monday was day 24, placing the Miners right in their timing band for a daily cycle low. The swing low that formed on Tuesday signals a new daily cycle. While final confirmation will arrive with a break of the declining trend line, the fact that the Miners posted a nice 4.26% gain on a day that the dollar rallied is another signal that the daily cycle low is in.
Oil also delivered a buy signal on Tuesday.
Oil printed its lowest point on Monday, following the day 20 peak. Monday was day 38, placing Oil right in its timing band for a daily cycle low. Oil still needs to close above the declining trend line to confirm the new daily cycle. But oil did close above the lower daily cycle band which signals that the daily cycle low has printed.