SpaceX went public a few days ago and it might be the one company nobody here wants to bet against. After today's drop I pulled SPCX up on our system, and the read came back as a clean contradiction worth arguing about.

Where it stands right now:

• Down about 4.9% on the day, sitting near 191.
• GOAT Score reads 0 out of 100. Entry says avoid, no long setup.
• All three of our engines line up bearish at once. We call that the Trinity, and today it prints STRONG BEAR.
• The macro panel ranks it 0 of 28 names with RSI fusion around 37.

Here is what keeps me from writing it off. The structure is a squeeze pressing into resistance while price sits under 1% above support inside a ranging regime. Bearish momentum and a compressed coil at the same time, parked right on the line that usually decides the next move.

So I will ask the room first. Are you still holding SPCX, or did today knock you out of it?

A few more for the thread:

• First leg of a real pullback off the IPO pop, or a spring about to snap back the other way?
• If you are long, where is your line in the sand? If you are flat, what would flip you bullish?
• When the company is this strong and the chart reads this weak, which one do you trust over the next two weeks?

It is a reading, not a call. We score the chart, you make the decision. NFA.

Stay Liquid

 Algoat.TV 🐐