Reason: Last cycle's complex-wide deceleration fully reversed - IRDM's 30-day print flipped from +8.28% to -16.76%, its first negative 30-day print in this file's recent run; RKLB, LUNR, and ASTS all posted sharply worse weekly declines than last cycle, with every name besides IRDM still flagged collapse.

Tape Read

Last cycle's read that "the whole space complex's weekly declines decelerated together" reversed hard this cycle. $IRDM, the group's least-bad chart through multiple reads, lost that distinction on one measure: RSI held roughly flat at 43.0 (was 43.7), but the 30-day print flipped to -16.76% (was +8.28%) — the first negative 30-day print for the name in this file's recent run — with 7D also worsening to -3.81% (was -1.93%). $RKLB's RSI ticked up slightly to 33.8 (was 31.6) but the weekly decline reaccelerated to -7.57% (was -5.49%) and the 30-day print widened to -34.81% (was -25.17%), still collapse regime with the thesis flagged broken. $LUNR's weekly decline deepened sharply to -15.51% (was -4.44%), now -73.54% off its 52-week high (was -70.67%) — still the deepest damage in the group. $ASTS reversed the deceleration flagged last cycle: 7D -10.72% (was -2.77%, itself a deceleration from a -21.17% week two cycles back), 30D -34.83%, -57.75% off its 52-week high. Source: full-scan pre-computed summaries as of the 2026-07-28 close — space.

• $IRDM — WATCH (downgraded): RSI 43.0 (roughly flat from 43.7), 30D flipped to -16.76% (was +8.28%) — the least-bad chart in the group just lost its only positive multi-week metric.
• $RKLB — PASS: RSI 33.8 (roughly flat from 31.6), 7D -7.57% (worse than -5.49%), still collapse regime with thesis broken — the deceleration flagged last cycle reversed.
• $LUNR — PASS: RSI 28.4 (roughly flat from 28.0), 7D -15.51% (much worse than -4.44%) — still the deepest damage in the group, and the pace of decline just sped back up.
• $ASTS — PASS: RSI 37.4 (up slightly from 35.9), 7D -10.72% (worse than -2.77%) — last cycle's sharp deceleration didn't hold into a second week.

Lead pick: No clean add in this complex — every name besides IRDM remains flagged collapse, and even IRDM's one positive metric (a rising 30-day print) just flipped negative. Last cycle's "first sign this complex might be finding a floor" needs to be walked back: the deceleration reversed across the board this cycle rather than continuing.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-28 close — space.