Cycle Trading: Miner Rally

LikesMoney Independent Analyst

The Miners closed higher on Monday.

The Miners ran into resistance at the declining 50 day MA last Wednesday. They drifted lower until closing for a gain on Monday. At 19 days, that does place the Miners in the early part of their timing band for a daily cycle low. But since 15 out of the previous 18 daily cycles stretched past 19 days if a swing low forms off of Monday's bullish reversal, we will label Monday as a half cycle low.

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LikesMoney

Independent Analyst

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

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