Monday, June 29 SPCX Midday Outlook

Today, the overall risk appetite of US stocks is weak, coupled with continued profit-taking from new issues. SPCX continues its recent decline, trading around $155, with a slight intraday drop. The passive buying dividend from the MSCI index inclusion has been fully digested, and there is a lack of incremental capital support in the short term.
Fundamental bulls and bears are clearly divided: the long-term bullish logic relies on Starlink and rocket launch business growth, with multiple institutions giving high target prices; but bears worry about short-term overvaluation and lack of stable profitability, with some brokerages issuing sell ratings. After listing, a large number of overbought trapped positions continue to suppress rebound space. In the options market, the negative Gamma zone has expanded, and small declines can easily trigger hedging sell orders, exacerbating the downward volatility.
On the technical side, resistance above is at $158-160, and every rebound to this range will face unwinding selling pressure; near-term key support is at $150, which is the previous dense put option zone. If it effectively breaks below, the next support is seen at $142. Short-term indicators remain weak, with no signs of stabilization and reversal. Overall, it is in the post-listing correction and repair phase, with poor rebound sustainability and a higher probability of rallying and then retreating.
Operation suggestion: go short on rebound to 157.5-159, target 152, break see 147$BTC $ETH $SOL