SPCX Did it break the previous low? Nope. SPCX Conditions met for a rebound, did it bounce? Nearly 20%. SPCX Second test of the previous low didn’t break, can we go in on the right side? Yes, we can. SPCX Did you make the move? Made it. SPCX Where’s the strong resistance? 133.35-135. Only if it stabilizes above this range can we expect a major rebound. Otherwise, it’s not a rebound targeting the entire downtrend but just a bounce within the downtrend. The difference between the two in terms of scale and nature is like night and day.