Yesterday’s SpaceX move can be described as a near-miss—also a preliminary validation of the idea mentioned in the quoted passage: first, it followed Micron’s plunge to fake a test of the support level around 150, then rebounded all the way to the day’s high of 166, closing at 164, with total trading volume of 8,100+w shares; volume and price are healthy.

After yesterday’s consolidation, there’s no need to worry about $SPCX breaking down for now. After tonight’s market open, we’ll see whether it can hold above 160, and then try again to break through 170.

From a time perspective, today is exactly one week since 7.7 entered the Nasdaq, but because the Independence Day holiday means the U.S. stock market is closed this Friday, there are actually only four trading days remaining.

So, adding in the possible time buffer for front-running, the remaining three trading days this week are the final window for the capital game.

Then, if U.S. market sentiment is strong enough, SpaceX may slightly test 166-168 and then go straight up toward 175-180 to open up room to the upside. Afterwards, as the sentiment tied to inclusion in the Nasdaq kicks in, it could rally back to the 200 level.

If sentiment is relatively weak, it may first pull back to around 160, then trade in the 160-170 range to churn and absorb sell pressure, and only go for an upside push to rally sentiment again near the time when it’s added to the Nasdaq.

If the broader markets are not good, or if macro data is weak—such as Thursday’s big Nonfarm Payrolls report—then it may pull back to around 155. But as long as it doesn’t break 150, the overall chart pattern is still tilted upward. #space