SPCX Volume Profile: Where the Real Battle Lines Sit
Day-one volume of ~500M shares created a volume profile that defines support and resistance for weeks. Here is how to read it.
Day-1 volume
~500M sh
POC (point of control)
~$162
High-volume nodes
$150, $162, $174
Where the volume actually traded
Volume profile maps shares traded to price levels rather than time. SPCX day-one showed three high-volume nodes: the opening cross at $150, a heavy zone around $162 (the closing print area), and a peak resistance node near $174 (where intraday buyers were absorbed). The point of control — the single price with the highest volume — sat near $162.
These levels matter because they represent where positions were actually established. Mean-reversion tends to pull price back toward high-volume nodes; rejection from them defines breakout vs failure.
Key takeaways
- Day-one volume profile defines weeks of support/resistance levels
- $150 (open) and $162 (POC) are the structural support zones
- $174 area is structural resistance from absorbed intraday buyers
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