Thoughts on $SPCX and the 115 level
Been watching $SPCX this morning and the push through 114. We saw it hit 114.92 earlier, just shy of what feels like a psychological resistance at 115. Volume's been decent, which is encouraging for the move, but I'm curious if anyone else sees 115 as a pretty key level. A clean rejection from here, especially if it drops back below 114 with conviction, would definitely make me rethink the current strength.
I'm leaning towards a potential consolidation around this area if it can't clear 115 on this initial attempt. The risk for me is if it fails to even hold 114.50 by end of day, that would invalidate the idea of this being a strong breakout day. Just curious for other perspectives on this.
I agree, 115 feels like a critical psychological hurdle. Watching for a strong close above it, otherwise, a retest of 114 seems likely.