Miners Deliver Buy Signal

The Miners regained the 10 day MA on Thursday.

The Miners printed their lowest point on Thursday, day 28. This places them in their timing band for a daily cycle low. Thursday’s bullish candle is a buy signal since regaining the 10 day MA this late in the daily cycle has good odds of marking the DCL. A swing low will have us label day 28 as the DCL. The Miners are currently in a daily uptrend. If they form a swing low above the lower daily cycle band, they will remain in their daily uptrend and trigger a cycle band buy signal. A break above 38.99 will form a daily swing low.

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