$SPX Reclaims 7,491 as $MSFT & $PLTR Hit Key Targets

SmartReversals
07-03

$S&P 500(.SPX)$

July ranks as one of the most bullish months of the year, finishing positive 79% of the time. during the last 20 year.

However, if you zoom out further and analyze a different historical period, such as 1990 to 2006, the statistics completely invert, making July one of the most bearish periods of the year.

Always do your own charting and verify statistics

Semiconductors are cracking and the Magnificent Seven are Bouncing as considered last Saturday in the Weekly Compass. SPX bounced to 7,491 🎯 (+2%) as expected,

$Microsoft(MSFT)$ to 388 🎯 (+3.4%), $Palantir Technologies Inc.(PLTR)$ to 125 🎯 (+11%). Reversal now? High probability setups updated.

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