SPCX July Outlook. Options TradesSpace Exploration Technologies CorpBATS:SPCXheavydiligenceI've been watching this descending triangle develop for a while now, and I finally mapped out the three scenarios I think are worth paying attention to. Long term, I'm extremely bullish on the company. Short term? That's a completely different story. 🟢 Bullish Scenario (Green) – The Face Melter This is the move every bear hopes won't happen. Price holds the $145-$150 area, reclaims the broken trendline, and starts squeezing higher through the previous resistance levels around $162, $164, and $171 before making a run toward $175+. Is it likely this month? Maybe not. But as we've seen before, "Elon Musk's companies have a way of ruining bears and melting faces." If buyers suddenly show up and sentiment shifts, this stock can move much faster than most people expect. 🟡 Consolidation Scenario (Yellow) – Maximum Frustration This is probably the most frustrating outcome. Price chops around between roughly $135-$152, giving bulls hope one day and bears confidence the next without committing to either direction. This is exactly the type of environment where option premiums slowly decay while everyone waits for the next catalyst. If this plays out, patience will likely outperform prediction. 🔴 Bearish Scenario (Red) – My Current Lean Despite how bullish I am on the company's future, this is the path I'm leaning toward through the end of July. Why? Fear surrounding upcoming share unlocks. The company's first earnings report creating uncertainty. Many traders preferring to reduce risk until those catalysts are behind us. The chart is still respecting a larger descending triangle with lower highs. A breakdown below the IPO area around $135 could invite another wave of selling before a longer-term bottom is established. That doesn't change my long-term outlook—it just means I think the market may need to clear out weak hands first. My Take Long term I'm incredibly optimistic about SPCX. Short term, I think caution is warranted. Until this descending triangle resolves, I wouldn't be surprised if sellers stay in control into earnings and the unlock events. As always, that's why I lean on the Heavy Diligence Options Signals Indicator. It's designed primarily for identifying high-probability day trades—not predicting where a stock will finish weeks from now. Using the indicator alongside key technical levels like these helps filter out lower-quality setups and focus on trades with favorable risk/reward. These paths are simply scenarios—not predictions. Price rarely follows anyone's drawings perfectly, but thinking through the possibilities ahead of time makes it much easier to react instead of chase once the market opens.