SpaceX (SPCX) Tests September 15 Support: Levels on Tesla, Intel, Meta and Four More

SpaceX (SPCX) is testing the September 15 support zone around $145 after sliding off the October 27 high. A loss of that zone shifts my attention to the August 20 wick low. In a heavy earnings week, I mapped levels on eight names on the October 28 Pro Charts: Stocks show, including Rivian and Intel ahead of their October 29 reports.

This is a fresh earnings-week level map. Where I've charted Tesla, Netflix, Meta or Robinhood before, these October 28 levels are the ones I'm working from now, and none of them is a new position. Every level here is a reaction level: I'm waiting for price to reach the marked support or resistance, and I'm not chasing names sitting in the middle of their ranges.

How to Find SpaceX's September 15 Support

SpaceX is roughly a $2 trillion company, so every 1% move is worth about $20 billion in market value. A slide of a few points off a high adds up to an amount plenty of large companies would be happy to carry as their whole market cap.

Here's how to find the support yourself. Go to the September 15 daily candle and mark the bottom of it. That session was a big day for gains, yet the candle printed red, because color only tells you where the body opened and closed relative to each other.

Mark that bottom and, what do you know? It lands right around $145, the same floor SpaceX keeps knocking against. That's the support reaction zone I'm working with, and price was pressing right on it when I recorded.

A loss of the $145 zone shifts the focus to the August 20 wick low, which to me is the key level for SpaceX. Price lasted there for a while, pushed back up, then came back to retest it twice. The structure may be setting up a head and shoulders, with the left shoulder and the head in place, and I'll monitor whether a right shoulder forms from here.

What Levels Is Tesla Facing Above the July Pivot?

Tesla (TSLA) reported its third-quarter results on October 21. My upper level comes from the July pivot high: draw it straight across and it lands around $420. That's the same number that got Elon Musk into trouble with the SEC, which brought fraud charges and a settlement over his tweet about taking Tesla private at $420 a share.

An ascending trend line sits on the way up and may get hit first. Above $420, the next level is $433. Closer in, Tesla broke through a resistance line on the daily chart, and price could come back down to retest that line as support on the October 28 daily candle. That retest is the setup I want to see, not a chase of the breakout, with $420 and $433 as the resistance tests above.

Micron Runs Into a Descending Trend Line

Micron (MU) is roughly a $1.1 trillion company, so every 1% move adds or removes about $10 billion in market value. The stock traded up about 3% intraday on October 28.

The descending trend line overhead is where I expect a sharp amount of selling pressure once price comes into that range. For Micron, this is a resistance test, and the reaction at the line is what I'm watching.

Netflix, the World Cup and a Support Area From 2024

Netflix (NFLX) reported on October 20, and it has a lot of competition for viewers' time: Disney Plus, Paramount, Peacock, terrestrial TV and the phone in your pocket. To me, live events are the future-revenue angle to watch. Netflix recently secured the broadcast rights to the 2030 FIFA World Cup, and I don't hear many people talking about it. I wouldn't be surprised to see that advertising push earnings much higher, though 2030 is a long way off, so this may not be a story you hear for a while.

On the chart, Netflix sits under a descending trend line. The area I'm watching is around $58.75, which lines up with the pivot low from August 5, 2024, so I treat it as a support reaction level.

Rivian Heads Into Earnings on Double-Factor Support

Rivian (RIVN) reports on October 29, and I like the support level underneath. It lines up with a gap fill at the close of the April 21, 2025 candle, which price has yet to revisit. That's double-factor support: the support level plus the unfilled gap, and it's where I'd look for a reaction.

Intel's Range Into the October 29 Report

Intel (INTC) also reports on October 29. When I recorded, it was trading very close to its October 27 close. The October 14 gap fill sits at about $97.96, and pivot support near $85 has held more than once. That gives me a $98 to $85 range to watch going into the report, with the edges of the range as the reaction points.

Where Meta Goes After Tagging the September 8 Gap Fill

Meta Platforms (META) hit the September 8 gap fill on October 28, a level we talked about in the live day trading room. Price has bounced a little since, and the next reaction level on my chart is the ascending trend line.

For the Fibonacci view, right-click the retracement tool and switch on every level you want displayed. The 0.786 came in a little late on this move, but it could still act as a level below that ascending trend line.

Can Robinhood Find Footing Inside Its Channel?

Robinhood Markets (HOOD) is trading inside a parallel channel that slopes down on the zoomed-in chart. For footing, I'm watching the trend line from the April 7, 2025 pivot, which comes in a little lower, around $85. That's a support reaction level, and price still has to get there.

Levels That Matter

Bottom Line

Every level on this map is a reaction level. I'm looking for support reactions at the $145 zone on SpaceX, the April 21, 2025 gap fill on Rivian, $58.75 on Netflix and $85 on Robinhood; resistance reactions at Micron's descending trend line and Meta's ascending trend line; a retest of broken resistance on Tesla; and the $98 to $85 range on Intel into its report. I wait for price to come to the line, keep it to singles and doubles, and leave names in the middle of their ranges alone.