Reason: The space complex deteriorated further across the board - IRDM cooled from its clean leadership, RKLB reversed its bounce into a weak week, and LUNR/ASTS both sank deeper off their highs with no basing evidence yet.

Tape-read: Two reads ago this complex was "stabilizing but not confirmed-based"; now it's just weaker. IRDM, still the cleanest long-term structure, cooled meaningfully — RSI 59.9→54.0, -6.46% 7D, 30D down to +0.62% from +11.11%, and its SMA200 cushion narrowed to +79.2% from +92.8%. RKLB is the clearest reversal: last read's +8.79% 7D bounce inside a downtrend fully gave way to a -16.62% week (RSI 43.7→37.4), and its 30-day print worsened to -29.4% from -18.09% — the bounce that looked like the first sign of an all-clear did not hold. LUNR sank further into collapse: RSI 35.2→30.4, now -65.5% off its 52-week high (was -59.6%). ASTS also deepened: -45.2% off high (was -39.8%), RSI 46.6→42.0. Source: summaries/space.json (no dedicated 2026-07-11 scan for this watchlist).

• IRDM — WATCH (downgraded from PROMOTE/WATCH): RSI 54.0 (down from 59.9), strong-up, golden cross, +79.2% above SMA200 (narrowed from +92.8%) — still the cleanest structure in the group, but cooling, not accelerating.
• RKLB — PASS (downgraded from WATCH): RSI 37.4 (down from 43.7), the prior 7D bounce fully reversed into a -16.62% week, 30D worsened to -29.4% (was -18.09%) — the "first sign of an all-clear" from last read did not confirm.
• LUNR — PASS: RSI 30.4 (down from 35.2), collapse, -65.5% off 52wk high (was -59.6%) — still the deepest damage in the group, sinking further, not basing.
• ASTS — PASS: RSI 42.0 (down from 46.6), collapse regime (was down), -45.2% off 52wk high (was -39.8%) — deepened this read, still structurally falling.

Lead pick: IRDM remains the only name with an intact long-term uptrend, but even it cooled this read — there's no clean add left in this complex right now. RKLB's reversal is the one to note: the bounce the desk was watching for confirmation fully failed.