Cycle Trading: Hunting a Miner Buy Signal
|Monday was day 49 for the daily Miner cycle, placing the Miners late in their timing band for a daily cycle low.
The last 3 daily miner cycles ran 53, 39 and 45 days respectively. Which means that once the Miners form a swing low, it will have good odds of forming the daily cycle low. Ideally speaking the Miners should break below the (blue) daily cycle trend line in order to complete its daily cycle decline. But at this point a swing low and a bullish crossover on the 30 line on RSI will signal a new daily cycle.
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