Loading ...The Miners formed a reversal off support from the 50 day MA on Tuesday.
Tuesday was day 22, placing the Miners in the early part of its timing band for a daily cycle low. Tuesday’s reversal eases the parameters for forming a swing low. The Miners are currently in a daily uptrend. If the Miners form a swing low above the lower daily cycle band and close back above the 10 day MA that will indicate a continuation of their daily uptrend and signal a cycle band buy signal. A break above 39.00 will form a swing low.
I found it encouraging when very few miners dropped despite the beat down in gold
Even more so for silver miners given the sizeable silver smackdown.