7.27 Monday SPCX afternoon outlook

On July 27, SPCX followed the US stock market, making a slight fluctuation and rebound in the afternoon. The current price is hovering around $115, with an intraday range of $111–$115. After a prolonged sell-off, it has seen a technical rebound, helped by the fall in US Treasury yields that revived sentiment toward growth stocks. However, market funds remain highly cautious; with earnings reports coming in early August and a large-scale unlock window approaching, bulls are unwilling to enter aggressively, so the rebound has limited strength.
From the technical chart, the first short-term resistance is locked at the intraday high of $115. The medium-term heavy resistance is concentrated in the $128–$135 area. Only if it can trade with volume and hold above $121 can the rebound room expand further. Below, the key short-term support is $114.1, which supports the low point of this round. As long as it holds there and maintains a low-range consolidation-and-repair pattern, the outlook stays constructive; if it breaks down effectively, the market will once again test the key defense area at $110.
Trading suggestion: $115–$117, target $113–$111
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