Miner Reversal

The Miners printed a bullish reversal on Tuesday.

Tuesday’s bullish reversal sets the Miners up for printing a daily cycle low. While the 10 day MA has not turned appreciably lower, the Miners closed below the 10 day MA, 200 day MA and the 50 day MA and breached the daily cycle trend line. And at 32 days, that places the Miners in their timing band for a daily cycle low. A swing low and close back above the 50 day MA will signal a new daily cycle. The Miners have been in a daily uptrend. If a swing low forms above the lower daily cycle band then the Miners will remain in their daily uptrend and trigger a cycle band buy signal.

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