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SpaceX (SPCX)
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Space X might get hit pretty hard to start this week and then not to mention where Tesla's at underneath the 100 MA, this could get ugly. Now we're going to talk about exactly why. The first thing I'm going to understand is that we had in Iran's 7 place, Israel said that is not going to happen over this week in Iran's backing out, blocking the street once again, not going to these deletions that's news is just now coming out. So going into tomorrow, I have to assume we're going to be looking at potential downside Monday morning. This is why all we say, stop especially right now. stop trying to predict time a bottom, time a top, whatever it is because anything can happen over the weekend, Trump, Israel, they just say whatever the whole they want. So, important to know that. So, start first we'll start with SpaceX where you're at. Now obviously, the SpaceX IPO 135 opened up 150, went in 2225, pretty incredible, okay? Now what's important to understand is more shares are going to become available, available, available, available and we're going to get a clear note on what the free uh the free float is going to be of the stock as well. Once it gets added to QQ, which happen over the next week, week and a half. So we'll see what happens there. The announcement will come this week very likely, okay? Now, looking at Space X as a whole, you're getting pretty good volatility in upside just based off of how many shares are actually tradeable right now. That lock up will continue to it, you know, obviously increase or lock the release right or will come out pretty soon. So as of right now, if you're under 193, I'm still leaning towards the downside just based on how you're moving, okay? So when you were moving out of the gate, everyone like, let's short at the top, let's time the top. There was no reason because you were making higher lows, non-stop and higher highs, clear as day. So what I'd be looking for now, you don't have a lot of levels. So if you start breaking back below 176.5 roughly, I think you're looking straight down to 169 and then you have a gap filled down here at 165. Now, I'm not trying to tell everyone to sure go crazy, but I'm going to tell you what I'm looking at and why. If you're starting to break back above 192, I give an easy trade back into 200, that's what I would be looking at. So again, not a lot. This is kind of your no man's land. You could shot back and forth pretty violently, go to the you can see here. No real rhyme or reason straight down from 193 to our level 176. You can go and look. We've already have these levels out there. Before that happens, so again bouncing back above, pushing back up, okay? Tesla. Now where are you at here? This is more concerning for me. So again, as you can see, number one, you've rejected once, twice off of the 200 daily moving average and you made a lower high non-stop. You've been making lower highs all the way since May 13th, here on Tesla at 450, then into 445, then into 417 and obviously going lower and lower. So right now what you're looking at is if you keep rejecting off of 400. In my opinion, pretty easy watch right now is what you're looking for. I post to the levels earlier, but you can see, you're looking back down towards 390, 385, back in these loads of 380. This could get hit quick. And when you look at how fast these rejections and how fast the selling has happened, it happens pretty quick usually. Again, reject here. This is on the 12th of a Friday, you come down all the way down to 386. Again, you start breaking here, you break below 400 100 within one trading day, you are back down all the way at roughly 395, the next trading day you're down at 384. So again, you're getting that retest now with lower highs. I'd be willing to bet this is one of the weaker names opening up tomorrow, especially if Nastec and futures are week, follow forward more content.