Markets continue to grind higher, but key technical levels are beginning to matter.
While $SPX battles resistance near 7,620, $AAPL is flashing a potential near-term warning signal and $PLTR remains one of the strongest momentum names on the board.
1. $S&P 500(.SPX)$
Slow moves keeping the price moving up steadily. Same as yesterday, $7,620 acted as a resistance zone.
The close was better than yesterday, but the resistance remains the same; bulls want a breakout and bears want a definite rejection. Greed is at 57, breadth is still weak.
2. $Apple(AAPL)$
Shooting star candles in Apple have a high accuracy rate as near-term bearish signals.
Today, we find out if this drop is short-lived or sustained. Different this time: an overbought RSI and a volume gap down to $299.
3. $Palantir Technologies Inc.(PLTR)$
PLTR neared the $165.7 bullish target. Monday's move was so fast it printed an indecisive candle outside the upper Bollinger Band.
Now back in the range, price must hold the critical $148 level to sustain short-term momentum. The diagonal breakout is still constructive.
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