In this YouTube short, Dave Barnhart walks through the SPCX IPO’s opening‑day activity, overlaying the ten largest institutional prints on the intraday chart. He explains how price reacts to these large trades, identifies key bullish and bearish trigger zones, and outlines specific target, pivot, and support/resistance levels. The analysis includes a 770K print around 170, bullish targets above 172.5 up to a R2 zone near 189.45, and bearish zones below 165 with multiple pockets down to 151.48. He notes the unusually wide ATR range for a single day and cautions that true volatility is still uncertain. The segment ends with a brief segue to future analysis of the QQQs.
Chapters
On the right-hand side, you can just see on the opening day we got all of these prints. There's tons and tons of them. These are the, the 10 largest ones all in, all in that day. 200K, 200K, things like that. Millions and millions here. So let's go ahead and look on the intraday. You can see that the prints are automatically overlaid, and you can see as well how the Price action works with these institutional trades, right? So when you see this at the top pulling back, we can see these candles come down, tag the prints, move up, tag the prints, move up. And so where we're at now, right at this 170 level, is a 770K print, which is a lot of money there. So let's zoom in and see where we can go with this. We're going to be bullish above 172.50. Let's get above here. the top of this candle. Target $175.20 is R1, and $175 is $147K as well. So $175.20, $177.50, $180, $182.50, $185, $189.45 is R2. We don't know what the true ATR of this is only with one day. So anyway, it can move. You can see that the ATR range was quite big on the opening day. We're going to be bearish. Below 165. Let's get below here. This print right here, 165, the 700K print. Target 164, 163. 144 is a cam. 162.27 is the pivot right down here. Then we've got 161.38. 159 is 198K right here. 158.46 is a, is a cam. And then 158 here. This 200K print is this recent Let's be careful of that. 155.97, 155 is 258K. Then we've got 153.48, 150. And then if we break below this 155, then we, yeah, we can come down to 151.48. 02 is this S1. So you've got some pockets there to trade. On that one, let's go ahead and look at the QQQs.