Another crash day, but judging solely from SpaceX SPCX's performance, it’s actually not too bad. Right after the market opened, it dipped as low as 107.01, but it’s now rebounded above 112. Considering the AI sector is tanking, this performance is actually decent—it does seem like it’s trying to establish a bottom around 110. If it really stabilizes here, then that 107 earlier was likely a deliberate stop-loss sweep. Not many people are bold enough to add positions on a big down day like this, so it could pave the way for a lighter move forward. If it can rebound from here until the 8/4 earnings report, we might see it test the 130-140 range. Anything higher would be wishful thinking. That said, with SK Hynix’s earnings report tomorrow and the FOMC meeting just around the corner, if SPCX can first climb back to 118-120, that would already be a win.