SPCX: The 107.50 level is key for this bounce attempt.

Watching $SPCX closely here. The intraday low of 107.5701 today is a bit telling. It almost feels like a retest of some prior support, though frankly, the price action has been a bit messy overall. If we can't hold around 107.50-107.60 on any further pullbacks, then I'd say this bounce attempt is likely over, and we're probably looking at a deeper correction. The current level of 108.37 doesn't give me much comfort, it's just off the lows after a significant drop. A move below 107.50 would invalidate any short-term bullish thesis for me here.