The Miners have been contained by the 200 day MA since losing it in June.
The Miners broke above the 200 day MA on Wednesday and delivered some bullish follow through on Thursday. Closing above the 200 day MA indicates a change in trend and stops can be raised to the 200 day MA. The Miners are currently in a daily uptrend. The Miners will remain in their daily uptrend unless they close back below the lower daily cycle band.