Cycle Trading: The Miners Deliver Buy Signals

LikesMoney Independent Analyst

The Miners formed a swing low on Wednesday.

The Miners printed their lowest point on Tuesday, which was day 26. That places them in their timing band to print a daily cycle low. The Miners delivered buy signals on Wednesday as they reversed higher.

Wednesday's swing low signals a new daily cycle. Other buy signals that printed on Wednesday include bullish crossovers on both the RSI & TSI and closing above the lower daily cycle band. Wednesday's swing low also has implications on the longer term intermediate cycle which I plan to discuss in tonights Mid-Week Update.

Author

LikesMoney

Independent Analyst

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

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