Market Bounce in Focus: SPX Holds, AAPL Reverses, PLTR Reacts

SmartReversals
02-03

Markets delivered an unexpected bounce, improving the broader bullish structure while creating short-term opportunity.

AAPL executed a clean bullish reversal, while PLTR’s earnings reaction is attempting to reclaim critical levels.

SPX remains constructive, though today’s indecisive action keeps near-term direction in question.

1. $S&P 500(.SPX)$

The price bounced against the expectation, that's good for the long term bullish thesis, and interesting for the short term. Let's keep an eye on the indecisive afternoon candle.

2. $Apple(AAPL)$

Bullish reversal well timed, and the high probability setup paid off in a single day. The price moved quickly from volume shelf to volume shelf.

Consolidation is likely, but the extended target of $269.4 was reached in a single day.

3. $Palantir Technologies Inc.(PLTR)$

+7% is the Initial reaction to ER, reclaiming key levels and the 5DMA. If sustained through tomorrow's session, this would mark a significant milestone for a sustained bounce.

This extreme oversold condition was posted last night in the premium chat.

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