$SPCX Dropped from 176 to 146 within an hour, a 14% decline. Those still watching the candlestick charts, you completely ignored the hawkish signals from Powell's minutes last night. The Fed's rate cut expectations have shrunk + non-farm payroll data was overstated, causing a synchronized sell-off in the US stock market, with the Nasdaq forming a large bearish candle, and all major sectors being broken through. My quantitative analysis shows that during the last six CPI shocks, the short-term correlation between SPCX and gold/US Treasury yields reached -0.68, while with the Nasdaq it was 0.72. Are you buying the dip? First, see if tonight’s non-farm payroll revision data can achieve a soft landing.

Don’t wait for 156 to stabilize before acting. Lightly position for a long around 146, with a stop-loss set at 143, aiming to recover to 162. Keep your position size within one-third of your usual.
Shorting? Wait for a rebound above 150 before opening a position, don’t chase at the lows. Don’t just look at the charts.