Space Exploration Technologies Corp (SPCX): Bearish Chart Setup Space Exploration Technologies CorpBATS:SPCXMasterAnandaSPCX (Space Exploration Technologies Corp) has a bearish chart structure. A drop is not confirmed, only a possibility, but this chart setup has very strong bearish potential. SPCX after the initial drop is trading within a lower high. The day of the lower high (21-Sep), was also the day with the highest volume on a bearish note, the strongest sellers pressure ever. We can say that bears are loading up for a massive short. This setup can be approached with a tight stop-loss. It can be a good hit if the market resolves bearish. If the market turns bullish, confirmation is needed to see if a recovery can be sustained. It is a mixed situation but the bears have the upper-hand. Namaste.