Cycle Trading: Miner Action
|The Miners backtested the 10 day MA on Thursday.
The status of the daily Miner cycle is not clear. The Miners printed a low on September 13th and then printed a lower low on October 1st. So while it is not clear if Day 18 was the DCL or it extended to October 1st, what is clear is <strong>if</strong> the Miners break above the declining trend line then we will label October 1st as a daily cycle low. In the Weekend Report I plan to discuss the implications now that the Miners have also formed a weekly swing low.
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