Cycle Trading

SPCE delivered a cycle band buy signal on Wednesday.

SPCE closed above the upper daily cycle band on April 14th to establish a daily uptrend. It peaked the next day then began a pullback. SPCE printed its lowest point on Friday. A swing low formed on Wednesday. Forming the swing low above the lower daily cycle band indicates that SPCE will remain in its daily uptrend and signals a cycle band buy signal.