$SPX Leads Higher as $PLTR Jumps and $META Holds Key Levels
S&P 500 Index is regaining momentum after reclaiming key levels, reinforcing a continuation setup.
Strength in Palantir Technologies Inc. contrasts with consolidation in Meta Platforms, Inc., highlighting a still-resilient tape.
1. $S&P 500(.SPX)$
Even bulls didn't expect this. Once the price bounced from the daily support zone of 6,786, it began gaining traction, then the key daily level of 6,823 flipped to support.
With the 100DMA now recovered, the move suggests continuation. Levels posted this morning in chat.
2. $Palantir Technologies Inc.(PLTR)$
As noted in Saturday’s Weekly Compass (link attached), price action was primed for a reversal. Following today's +4.5% surge, the full analysis is a must-read to manage risk and identify potential targets.
Daily Levels for Palantir are posted in the subscribers chat.
3. $Meta Platforms, Inc.(META)$
A consolidation at the 50DMA is normal after a 20% rally. Will the gap be filled?
I have some doubts. Probably we see a visit to $583 as worst case for the week if $611 is breached, but so far the market has been resilient to geopolitics. $679 is key for bulls today.
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