SPCX Daily Chart: Price Magnetized by the VPOC at ~150
SPCX Daily Chart: Price Magnetised by the VPOC at ~150
Space Exploration Technologies Corp (SPCX) continues to oscillate tightly around the 150 level on the daily chart — precisely where our Quantum Volume Point of Control (VPOC) sits as the yellow dashed line. This is no coincidence. The VPOC marks the price level with the heaviest volume concentration.
In classic Volume Price Analysis (VPA) terms, high-volume nodes act like support or resistance, while low-volume nodes are areas price tends to slice through quickly. The VPOC is simply the ultimate high-volume node on the Y-axis: the single price where the most volume has traded. Right now, that level is behaving exactly like a magnet. Every time SPCX tries to push away from ~150, volume pulls it back. Until we see sustained buying (or selling) that is strong enough to break free of this high-volume zone, price is likely to keep congesting and rotating around this key pivot.
For traders, the VPOC is a practical...