Miner Action

The Miners backtested the 10 day MA on Thursday.

The status of the daily Miner cycle is not clear. The Miners printed a low on September 13th and then printed a lower low on October 1st. So while it is not clear if Day 18 was the DCL or it extended to October 1st, what is clear is if the Miners break above the declining trend line then we will label October 1st as a daily cycle low. In the Weekend Report I plan to discuss the implications now that the Miners have also formed a weekly swing low.

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