$SPCX Bottom Target: (1) a 20-25% of discount from IPO price is reasonable for a solid bottom, which is around $115-120 zone. (2) whoever chased the Big Rocket launching over the last week may need to hold the bag for some time; (3) a second launch would be more reliable/valid.
While there's certainly more room for $ES to go 🆙, it wouldn't be surprising to see markets take a dipsy doodle here because this area is exactly 2x from the pre-pandemic top to the the bottom and trading machines like that kind of thing.
@Purepriceaction Here is the version entering on -50 bps drop on Monday close , exit on any bounce greater than 150 bps or Friday close at the latest. Stop loss 3% from entry. Twice as good.
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