Tim Knight Says SpaceX Just Broke the Line That Kept Dragging It Back

SpaceX is ruling the roost after its earnings beat, and Tim Knight zeroes in on the chart. For weeks a 150 price line acted like an electromagnet, yanking the stock back every time it ran. Today it finally gapped up and away, the first real price gap he's seen, and gaps mean surprise. The odd part: the stock crept up slowly right after the report, then exploded higher into the morning. He also weighs the Tesla merger Elon admitted is probably coming next year. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 SpaceX ruling the roost 00:30 The Tesla merger, real or lip service 01:40 Why a merger might make sense 02:30 Starting with the SpaceX chart 03:00 The 150 electromagnet line 03:40 The first real gap on the chart 04:20 Crept up slowly, then exploded 05:10 The broad market, green but red bars 06:00 What he's watching next 07:00 Positioning into the tape #tastylive #timknight #tradingcharts #spacex #earnings #pricegap #teslamerger #aistocks #technicalanalysis #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.