$SpaceX(SPCX)$ On the daily ch

$SpaceX(SPCX)$ On the daily chart, there's an island reversal setup. The pattern is formed by a gap down, then a cluster of candles, followed by a gap up.

A doji candle is currently taking shape, which suggests some indecision and profit taking after the strong bullish earnings reaction.

The middle Bollinger Band at 155.30 is the key level to hold. As long as it acts as support, a new uptrend can start. Trading below it would point to consolidation.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Tesla Motors(TSLA)$

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