This has run right up to resistance at top of the channel from
the last newsletter update. Braving a short up here with a
tight stop (now at ~131). already was stopped out once when
it bounced up to almost 131. Going to have to hold this into
the weekend -- the +25% new float date is going to be Tuesday, per
Matt's chart below.
Posted by elementsix on 7th of Aug 2026 at 03:25 pm
SPCX - Heck of squeeze this morning. Have to see what level
really flushes out shorts. There have been a ton of them since day
one and I imagine many are still far above water. (as was I when I
exited this morning)
LOL yeah I've bought and sold it so many times. got a nice
profit on it again, so have to decide how to manage it. would
still love it below 100 one day but who knows
SPCX
Posted by elementsix on 5th of Aug 2026 at 09:56 am
SPCX- Breakout, Fakeout or Backtest?
I'm pretty bearish on this given the amount of float that still has to come online...
This has run right up
Posted by kevink on 7th of Aug 2026 at 03:15 pm
This has run right up to resistance at top of the channel from the last newsletter update. Braving a short up here with a tight stop (now at ~131). already was stopped out once when it bounced up to almost 131. Going to have to hold this into the weekend -- the +25% new float date is going to be Tuesday, per Matt's chart below.
SPCX
Posted by elementsix on 7th of Aug 2026 at 03:25 pm
SPCX - Heck of squeeze this morning. Have to see what level really flushes out shorts. There have been a ton of them since day one and I imagine many are still far above water. (as was I when I exited this morning)
stopped out again. it is
Posted by kevink on 7th of Aug 2026 at 03:22 pm
stopped out again. it is making new highs.
It's got to be Elon on the other side of the screen banging away killing off all the short traders.
SPCX
Posted by elementsix on 5th of Aug 2026 at 11:25 am
SPCX Lockup Expiration tomorrow, 8/6
https://finance.yahoo.com/markets/stocks/articles/spacex-101-billion-unlock-heaps-131749403.html
buy the lockup.....everyone knows about
Posted by kingpin15 on 5th of Aug 2026 at 12:03 pm
buy the lockup.....everyone knows about it.
SPCX and chill.....
Posted by kingpin15 on 7th of Aug 2026 at 08:20 pm
SPCX and chill.....
Update: SPCX and chill.....
Posted by matt on 7th of Aug 2026 at 08:24 pm
SPCX 2hr - Space Exploration Technologies Corp - Chart Link
you can see on the chart how it was building a base on that time frame with divergence, double bottom etc, MA ribbon also flipping now
great chart matt, this kept
Posted by kingpin15 on 10th of Aug 2026 at 01:58 pm
great chart matt, this kept me in on this morning weakness. clear line of defense on the 2hr.
LOL yeah I've bought and
Posted by matt on 7th of Aug 2026 at 08:23 pm
LOL yeah I've bought and sold it so many times. got a nice profit on it again, so have to decide how to manage it. would still love it below 100 one day but who knows
BOOM< LFG!
Posted by kingpin15 on 6th of Aug 2026 at 10:25 am
BOOM< LFG!
yes they do as I've
Posted by matt on 5th of Aug 2026 at 12:41 pm
yes they do as I've said before and that's an important point. Kind of like sell the news or buy the rumor, the market often reacts before the events