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Independent Analyst
The perfect trade entry for the new intermediate Miner cycle would have been when the Miners formed a weekly swing low during the 3rd week of November. But the Miners did not close above the 10 week MA nor above the declining weekly trend line so in real time we could not be certain that week 28 hosted the ICL.
This week the Miners are already up 2.55% and have broken clearly above both the 10 week MA and the declining weekly trend line to make this week 3 for the new intermediate cycle. But I suspect that there are some out there that missed the "perfect entry" and are still looking to get in but the perfect trade entry is still holding them back.
Looking back at the previous intermediate cycle low from April we can see that the Miners coiled for 3 weeks before finally closing above the 10 week Ma on the 4th week. Then the Miners gapped up on the 5th week. Even if someone entered after the gap back in June the Miners still ran rallied for over 30%.
Currently the Miners are on week 3 for a new intermediate cycle. The intermediate cycle should daly for 15 - 18 weeks which makes me think that entering now is still good enough.
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