$SPCX broke out of a rising wedge and is now pulling back toward the pattern.
Current structure:
• Price slipped back under $165.24 — that's now overhead resistance
• $179.49 is the next resistance level above
• $133.34 marks deeper support if this retraces further
Status: HOLD.
What this means:
The wedge breakout didn't hold — classic false break or early profit-taking. When price reclaims $165.24 and holds above it on volume, that's your confirmation the structure is back in play. Until then, you're in no-man's land between resistance overhead and support below.
Watch $165.24 for reclaim. If it fails and slides, $133.34 is your next meaningful level. If it reclaims and holds, $179.49 is back on the table.
Invalidation: losing $133.34 would break the broader support structure.
Current structure:
• Price slipped back under $165.24 — that's now overhead resistance
• $179.49 is the next resistance level above
• $133.34 marks deeper support if this retraces further
Status: HOLD.
What this means:
The wedge breakout didn't hold — classic false break or early profit-taking. When price reclaims $165.24 and holds above it on volume, that's your confirmation the structure is back in play. Until then, you're in no-man's land between resistance overhead and support below.
Watch $165.24 for reclaim. If it fails and slides, $133.34 is your next meaningful level. If it reclaims and holds, $179.49 is back on the table.
Invalidation: losing $133.34 would break the broader support structure.