Cycle Trading: Seeking A Miner Buy Signal

The Miners printed a lower low on Tuesday.  At 26 days, the Miners are in their timing band to print a daily cycle low.  Bullish divergences are developing on the oscillators that indicate that a DCL is near.  The Miners are also in their timing band for an intermediate cycle low.  So the odds are good that once a daily cycle low forms, it will also signal a new intermediate cycle. 

A swing low and break of the declining trend line would signal a daily cycle low.  However, it is still possible the see the Miners break lower.

Another potential signal would be a gap lower.  The Miners gapped lower prior to printing the both the May and July daily cycle lows. Now that the Miners are in their timing band for a a daily cycle low a gap lower could exhaust the selling to set up the final daily cycle low.