Cycle trading: Miner daily cycle decline

LikesMoney Independent Analyst

The Miners formed a swing high on Thursday and then closed below the 10 day MA on Friday.

The Miners delivered bearish follow through on Monday by closing lower. This caused the 10 day MA to turn lower. At day 45, this confirms the daily cycle decline. The Miners are in daily uptrend. If a swing low forms above the lower daily uptrend then the Miner will remain in their daily uptrend and trigger a cycle band buy signal. But a close below the lower daily cycle band will end the daily uptrend and signal the intermediate cycle decline.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

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