Yesterday, this SpaceX move was pretty interesting. First it followed Micron down, faked a dip, then fell to around 150 to test support. After that, it rebounded all the way, topping out near 166. It closed at 164. During the whole day, it traded over 81 million shares, and the volume-price action was reasonably healthy.
After all that yesterday, you don’t need to worry too much for now that <$SPCX > might end up trading below its offering price. Tonight at the open, first we’ll see if it can hold above 160, and then try to push toward 170.
Let’s do the timeline: from now until July 7, when it’s officially set to be included in the Nasdaq, there’s exactly one week left. But Friday is the Independence Day holiday and the market is closed, so in reality there are only four trading days left. On top of that, some capital may front-run and exit early, so the truly effective window for the game is just these three remaining trading days this week.
Next, let’s talk through a few scenarios:
If U.S. stock sentiment is strong enough, SpaceX might just hover a bit around 166–168, then go straight up to 175–180, opening up room overhead. Then, borrowing from the positive sentiment of being included in the Nasdaq, it could rally back toward the 200 area in one push.
If sentiment is average, then it may first pull back to around 160, then trade choppily between 160 and 170, digesting selling pressure through rotation and keeping the momentum until close to the inclusion date before going for an upside push.
If the broader market isn’t doing well, or if Thursday’s big nonfarm payroll data disappoints, it could pull back toward 155. But as long as the 150 level doesn’t break, the overall trend structure is still tilted bullish, so there’s no need to panic.
After all that yesterday, you don’t need to worry too much for now that <$SPCX > might end up trading below its offering price. Tonight at the open, first we’ll see if it can hold above 160, and then try to push toward 170.
Let’s do the timeline: from now until July 7, when it’s officially set to be included in the Nasdaq, there’s exactly one week left. But Friday is the Independence Day holiday and the market is closed, so in reality there are only four trading days left. On top of that, some capital may front-run and exit early, so the truly effective window for the game is just these three remaining trading days this week.
Next, let’s talk through a few scenarios:
If U.S. stock sentiment is strong enough, SpaceX might just hover a bit around 166–168, then go straight up to 175–180, opening up room overhead. Then, borrowing from the positive sentiment of being included in the Nasdaq, it could rally back toward the 200 area in one push.
If sentiment is average, then it may first pull back to around 160, then trade choppily between 160 and 170, digesting selling pressure through rotation and keeping the momentum until close to the inclusion date before going for an upside push.
If the broader market isn’t doing well, or if Thursday’s big nonfarm payroll data disappoints, it could pull back toward 155. But as long as the 150 level doesn’t break, the overall trend structure is still tilted bullish, so there’s no need to panic.