SPCX 15 min Charts Space Exploration Technologies CorpBATS:SPCXheavydiligenceSPCX continues to look weak on the surface, but I've learned not to trust first impressions when it comes to this ticker. Even though the chart has a bearish appearance, I think there are three realistic scenarios worth watching over the next few sessions. š¢ Bullish Fakeout Scenario My favorite "surprise" scenario is a short squeeze. Despite the bearish setup, I could easily see SPCX trapping late shorts before ripping higher and catching everyone off guard. If buyers step in at support and reclaim momentum, a push toward the 170 area isn't out of the question. It would be the kind of move that leaves everyone stunned š“ Bearish Continuation This is probably the next most likely outcome in my opinion. Yesterday, I talked about the possibility of a bearish move developing, but so far it really hasn't done a great job of trapping bears. Instead of accelerating lower, price has been grinding without the conviction you'd typically want to see after a breakdown. If sellers finally gain control, then the bearish thesis becomes much more compelling. š” Sideways Consolidation Ironically, I think this is the most likely scenario. SPCX could simply continue chopping sideways, frustrating both bulls and bears while the theta monster munches away all your premiums. It's not the most exciting outcome, but it's often what markets do after a large moveācompress until enough energy builds for the next directional leg. My Outlook While the chart still looks bearish, I'm not convinced that's the move the market ultimately delivers. A fakeout rally remains a real possibility, but if I had to rank the probabilities, I'd put sideways consolidation first, bearish continuation second, and the surprise squeeze higher as the wildcard that could catch traders leaning too heavily in one direction. One thing I've noticed is that SPCX hasn't been the best ticker for the new Heavy Diligence Options Signals Indicator. That doesn't mean it's unusableāit has still produced several quality, tradable signalsābut compared to names like SPY or TSLA, it's been a bit less consistent. That's exactly why combining the indicator with technical analysis and predefined scenarios is so valuable. When you already know where the higher-probability reactions are likely to occur, executing the trade becomes much more straightforward once a signal appears. Disclaimer: This is only a trade idea based on the current technical structure and is not financial advice. Always do your own research, wait for confirmation, and manage your risk before entering any trade.