The Miners were rejected by the 50 day MA on Tuesday.
Tuesday was day 8 for the daily cycle. A peak on day 8 would indicate a left translated daily cycle formation. Which aligns with the Miners currently being in a daily downtrend. If the Miners form a swing high below the upper daily cycle band then they will remain in their daily downtrend and trigger a cycle band sell signal. A break below 31.07 will form a daily swing high.