Miner Bullish Pattern Changes

0 miner surprise

I am beginning to see a some bullish pattern changes for the Miners

gdx

The Miners printed a higher low on July 10. This was the first signal that the Miners are beginning to change their daily pattern.

The second change that is occurring involves the 200 day MA. Currently the Miners are consolidating above the 200 day MA, which is a bullish change of pattern. The previous two times the Miners broke above the 200 day MA, they reversed quickly and declined into their daily cycle low.

There is also a bullish change to the 10 day MA. On Tuesday, the Miners 10 day MA closed above the upper daily cycle band. That is very bullish signal that affirms that the Miners are beginning a new daily uptrend.

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