The Miners formed a swing low on Monday.

After peaking on day 12, the Miners drifted lower, forming a mini bull flag.  The Miners printed a bullish reversal off of support from the converging 10 day MA and 50 day MA on Friday.  On Monday, they delivered bullish follow through by forming a swing low.  Monday's swing low allows us to construct the daily cycle trend line.  A break below the daily cycle trend line will signal the daily cycle decline.  However, the Miners are in a daily uptrend.  Forming a swing low above the upper daily cycle band indicates that the Miners will remain in their daily uptrend and trigger a cycle band buy signal. 

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