SPCX opened with strong upside momentum on Friday, pushing toward a wick high around $177. Since then, the price has moved into a clear short-term drawdown. The drawdown does not yet show a confirmed reversal, but most of the opening move has now been retraced.
A clean break below $158–$159 would be more significant because it would fully erase the opening rally.
However, traders might be bullish at least for the next 15 trading days. Nasdaq has adjusted its Nasdaq-100 index eligibility rules so that SPCX can be considered after 15 trading days.
If SPCX is added quickly to the Nasdaq-100, passive funds linked to this benchmark could become forced buyers. That creates a possible front-running trade.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
