Long
PLTR: heading into resistance
40 dollars is so close and also I think that's where we're heading in the short term.
I do however think that the market has been pricing in rate cuts for September. They're satisfied and could possibly begin to take their profits.
Time will tell.
This is short term correctional sentiment but the market is still very strong and I think we have another year+ in the tank for this bull market.
There's just way too much money sitting on the sidelines that have been benefitting from higher interest rates. Now they're going to be making less.
I do however think that the market has been pricing in rate cuts for September. They're satisfied and could possibly begin to take their profits.
Time will tell.
This is short term correctional sentiment but the market is still very strong and I think we have another year+ in the tank for this bull market.
There's just way too much money sitting on the sidelines that have been benefitting from higher interest rates. Now they're going to be making less.
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