SPCX Sept. 1: $145 Decides the Next MoveSpace Exploration Technologies CorpNASDAQ:SPCXBullBearInsights SPCX finished Monday around $143.69 after trading between $139.88 and $144.14. The stock recovered from the morning low and held most of its move, but it remains directly below the $145 level. The short-term recovery is still alive. The larger chart, however, has not fully reversed the decline from the post-listing high. Daily Timeframe SPCX has been trying to build a bottom after falling from above $220 to approximately $105. The first recovery reached the $144 area, pulled back and then produced another higher low. Price has now returned to the same resistance zone. RSI is approximately 58.2 and remains above its signal line near 56.3. Momentum is improving without being overbought. The first daily resistance is between $145 and $150. A close above $150 would improve the larger structure and open the path toward $155 and $160. The next major resistance is much higher around $188. The first daily support is around $142. Below that, $138 and $135 become important. The larger recovery would be damaged if SPCX falls back below $130. 15-Minute Timeframe SPCX started Monday near $140 and quickly pushed into the $143 area. Price later pulled back to approximately $141.80, found buyers and recovered toward $144. The stock finished the session consolidating around $143.50 instead of giving back the afternoon recovery. The concern is that the short-term trendline indicator has printed a downside break. That does not automatically make the chart bearish, but it warns that buyers still need to clear $144.14 and $145 before the next move is confirmed. The immediate range is approximately $142 to $145. GEX Map The September 4 GEX map shows positive gamma, but calls represent only 29.7% of the positioning. That is defensive positioning, although some of the puts may be hedges rather than direct bearish bets. Important upside levels: $145 largest nearby call wall $148 secondary call level $150 stronger call level $155 extended call level Important downside levels: $142 first support $140 secondary support $138 high-volatility level $136 put level $135 major put level $133 lower put level $130 major downside level The current positive gamma structure could keep SPCX pinned between $142 and $145 until one side forces a confirmed break. IV rank is only around 1.1, which means options volatility is near the lower end of its recent range. That makes premiums relatively cheaper, but positive gamma and sideways price action can still drain short-dated options. Call Setup For calls, I want SPCX to break $144.14 and then clear $145. The better entry comes after $145 holds on a retest with price remaining above VWAP. Upside targets: $148 $149.75 $150 $155 $160 The $150 level is the first major target. I would take some profit there unless price breaks through with strong volume and successfully retests it. A pullback into $142 could also produce a call entry, but only after buyers defend the level and reclaim VWAP. Put Setup Puts become interesting if SPCX rejects $144.14 to $145 and then loses $142. I would wait for a failed reclaim of $142 instead of entering on the first red candle. Downside targets: $141 $140 $138 $136 $135 The larger bearish move begins below the $138 high-volatility level. If $138 breaks and fails on the retest, the next targets are: $136 $135 $133 $130 My Plan Above $142, I am keeping a slightly bullish bias. Above $145 with a successful retest, I am looking for calls toward $148 and $150. Below $142 with a failed reclaim, I am looking for puts toward $140 and $138. Between $142 and $145, I will wait. Positive gamma could keep SPCX trapped inside that range. SPCX is recovering, but $145 remains the line between another rejection and a real breakout toward $150.