SPCX / SpaceX Technical AnalysisSpace Exploration Technologies CorpBATS:SPCXAuthorsFlowSPCX has started to show a stronger short-term recovery after the recent post-IPO selloff. On the 15M chart, price has already broken above the major downtrend line and pushed back toward the previous resistance area around 164–166. This is an important zone for me because it could decide whether the current move becomes a real breakout continuation or just another short-term bounce. The previous triangle compression has already broken down once, so I would not treat this setup as a clean bullish reversal yet. However, price has now reclaimed the consolidation zone and is testing the previous resistance area again. My current plan: I am waiting for price to retest the previous resistance / uptrend line area. If price pulls back, holds above the rising support, and forms a higher low, that would give me better confirmation for the first entry. I would not chase the current move directly. The first entry setup for me would be: 1. Price stays above the consolidation zone 2. Price retests previous resistance as support 3. A higher low forms 4. Bullish reaction appears after the retest If these conditions are met, I may consider entering with a partial position first, instead of going all in. If price fails to hold above the consolidation zone and falls back below 154–155, I would treat this as a failed breakout / no-trade zone. Market sentiment is improving, but still highly volatile. SPCX has benefited from index inclusion news, including Russell 1000 inclusion and upcoming Nasdaq 100 inclusion. This could bring higher volume and passive fund demand. However, short interest has also increased after the post-IPO selloff, so bearish pressure is still present. For now, my view is simple: No chasing. Wait for retest. Enter only if price confirms a higher low. Not financial advice. Just my technical analysis and trading plan.