A lot of red in the PM this morning as the market awaits important economic data from JOLTS, which may influence Powells decision on rate cuts.
With that, $PLTR has lost the 50 Day MA at $22.40 (in the PM at least)
So the next level to watch for support is at $21.60
We saw that $PLTR did get some intraday support on the 50 Day MA yesterday but on the retest it has not held.
The lower this goes, the better for us I believe.
The 0.618 Fib is at $20.20 and the extreme pull back for me would be the gap fill to $17.90....the $PLTR bulls may not allow this to happen tho.
Jesse Gaffey
2024-04-02 14:01:43 +0000 UTCJosh Stevens
2024-04-02 13:20:31 +0000 UTC