SPCX Daily: VPOC Congestion Deepens as Quantum A&D Prints a Heavy $146 Resistance Ceiling (Level 7)

SPCX Daily: VPOC Congestion Deepens as Quantum A&D Prints a Heavy $146 Resistance Ceiling (Level 7)

Following our recent note on Space Exploration Technologies (SPCX), price continues to oscillate tightly around the Quantum Volume Point of Control (VPOC). That yellow line remains the fulcrum — the price level of heaviest volume concentration and the market’s current “fair value.” Until sustained volume appears that is strong enough to break free of this high-volume node, the rotation and congestion are likely to persist.

Quantum Dynamic Accumulation & Distribution indicator

Adding further weight to this picture is the Quantum Dynamic Accumulation & Distribution indicator. It has now printed a heavy resistance ceiling in the $146 area, shown as the blue dashed line with a numerical value of 7. The Dynamic Accumulation & Distribution indicator identifies precise accumulation (buying) and distribution (selling) zones and converts them into dynamic support and resistance levels. Blue lines mark accumulation zones (areas that have previously acted as support), while red lines mark distribution zones (areas that have previously acted as resistance).

The numerical value shows how many times the level has been tested and held. The more times a level is tested, the thicker the line becomes. A value of 7 is exceptionally strong — the visual equivalent of Popeye after a large dose of spinach. Thicker lines with higher numbers represent more heavily defended regions that are statistically more likely to hold. A level-7 resistance sitting immediately above current price is therefore a meaningful technical barrier.

SPCX Price Action Today & Options

SPCX closed the regular session at 143.89 (–1.34 / –0.92%) and has continued lower in the post-market session to 141.71 at the time of writing. This leaves the stock sitting just below both the VPOC congestion zone and the newly reinforced A&D resistance ceiling at ~146. The short-term outlook is not constructive. The options market is not currently signalling a high-conviction directional break. 30-day implied volatility sits in the low-to-mid 50s with an IV rank that has compressed into the teens to low-30s range since the IPO — options are relatively inexpensive versus the stock’s own short history.

Put/call ratios (both volume and open interest) remain call-leaning to roughly balanced, while max-pain levels have repeatedly clustered near $150, right in the heart of the VPOC congestion zone. Call open interest is heaviest around the $150 area (acting as a call wall), with put support concentrated nearer $140. In short, the options market is pricing continued two-way trade and pinning risk around the current range rather than an imminent, high-volatility breakout or breakdown. That lines up with the heavy volume node and the level-7 Accumulation & Distribution resistance overhead.

Textbook IPO Price Action For SPCX

This is a textbook example of why patience is required with a newly public company. SPCX went public only in June 2026. Lock-up releases continue in stages (the main 180-day lock-up does not fully expire until 8 December 2026, with further extended lock-ups into 2027). Post-earnings volatility is common, and the recent results — while strong on the numbers — produced the classic “shooting star” / long upper wick rejection. Weak hands that chased the spike higher are now trapped as price rotates back into the VPOC and A&D resistance zone. Until we see a clear, volume-backed break above the VPOC and the level-7 A&D resistance, the higher-probability path remains further congestion or further weakness. Jumping in too early on an IPO simply because the narrative is exciting is one of the more reliable ways to become one of those trapped weak hands.

Support and resistance is a key plank of the volume price analysis methodology and something David and I cover in detail in the programs below for both stocks and forex.

By Anna Coulling – creator of volume price analysis

By Anna Coulling – creator of volume price analysis