FLOW SUMMARYSentiment on SpaceX is currently mixed, reflecting a divergence between fundamentals and market reaction. The Put/Call Ratio at 1.12 for the August 7, 2026 expiry indicates a balanced options positioning, with no marked directional bias from market participants. Call volumes (538 538) and put volumes (604 817) are significant but do not imply extreme conviction. Regarding institutional Dark Pool flows, activity remained very low over the past week, with only 100 shares traded for a negligible notional value. This suggests an absence of significant institutional accumulation or distribution via these OTC channels. In summary, aggregated sentiment and positioning signals display a NEUTRAL bias, neither confirming nor invalidating the observed price pressure.### TECHNICAL AND VOLUMETRIC STRUCTURESpaceX (SPCX) is experiencing a strongly BEARISH intraday dynamic, with a current drop of -3.81% to 108.08$. This decline follows two sessions of strong gains (+7.64% on August 3 and +6.82% on August 4), which had seen the stock rebound. Today's trading volume is exceptionally high, at 248% of its monthly average, signaling institutional selling pressure or buyer capitulation. The RSI(14) is at 34.87, approaching the oversold zone but not yet there. The price is trading well below its SMA(20) at 123.30$, indicating a short-term BEARISH trend. The key support level since the IPO is at 104.83$, while immediate resistance is at 172.40$. Given the short trading history (37 sessions), technical references are limited to this period.### SCENARIOS & CATALYSTSOn the primary horizon (short term, 1-3 days):BEARISH Scenario (65% probability): SpaceX could continue its correction towards the 104.83$ support. Current selling pressure, amplified by very high volume, suggests that the market is poorly digesting the company's mobile ambitions and re-evaluating its valuation despite better-than-expected results. A 'sell the news' sentiment prevails, with analysts explaining the decline. Catalysts include persistent concerns about the sectoral impact of SpaceX's mobile ambitions and continued rotation out of high-growth stocks in a mixed macroeconomic environment.Base Scenario (25% probability): The stock could stabilize around current levels, consolidating above the 104.83$ support. The RSI approaching the oversold zone could curb the decline. This scenario would be triggered by an absence of additional negative news and a slight improvement in overall market sentiment, allowing for a pause in the correction.BULLISH Scenario (10% probability): A rapid technical rebound is unlikely given the current selling pressure. This scenario would require a major and unexpected positive catalyst, such as a strategic partnership announcement or a clear refutation of concerns about mobile ambitions, leading to a swift re-integration above 110.00$.### AEGIS VERDICTIn a volatile market context with moderate geopolitical tensions, this BEARISH signal on SpaceX is based on post-earnings selling pressure and sectoral concerns. A R/R ratio of 1.07:1 is observed over the short-term horizon. The signal triggers upon a daily close below 107.50$. The first target (TP1) is set at 104.83$, and the final target (TP2) is also at 104.83$. The stop-loss is positioned at 110.00$. Recommended sizing: standard (1x).