PLTR Under Pressure — Bearish Control Still Intact (Dec. 30)Palantir Technologies Inc.BATS:PLTRBullBearInsightsPLTR is currently trading around 183–184, and unlike AMZN, this chart is not neutral. The structure here remains decisively bearish, with rallies getting sold and buyers struggling to reclaim control. 15-Min Price Action & Market Structure On the 15-min chart, PLTR has already gone through: * A clear BOS to the downside * Followed by a weak CHoCH, which failed to generate upside continuation * Price is now compressing below prior support, which has flipped into resistance The current consolidation is forming under a descending trendline, not above it. This matters — it tells us sellers are still defending rallies. Key intraday levels: * Resistance: 185.00 → 186.30 → 188.70 * Support: 183.70 → 182.50 → 180.00 As long as PLTR stays below 185, upside attempts remain corrective, not trend-changing. GEX & Options Positioning (Why Bounces Struggle) From the GEX chart: * PLTR is trading below the highest positive NetGEX / Call Wall near 195–197 * Below this zone, dealers are not incentivized to support upside * Downside positioning is heavy, with PUT support clustered around 180 This explains the price behavior perfectly: * Rallies stall quickly * Downside moves travel more efficiently * Volatility expands faster on sell-offs than on bounces IV is elevated relative to recent sessions, and call participation is higher than AMZN — but still not strong enough to force a squeeze. Scenarios for Dec. 30 Bearish Continuation (Primary Scenario) If PLTR: * Fails to reclaim 185 * Shows rejection near 186–187 Then downside likely continues toward: * 182.50 * 180.00 (major put support / magnet) This favors puts or short-biased scalps, especially on weak bounces. Bullish Reclaim (Lower Probability) If PLTR: * Breaks and holds above 186.30 on a 15-min close * Shows acceptance above prior resistance Then upside relief could extend to: * 188.70 * 191.00 However, without acceptance above 188–189, this would still be a counter-trend bounce, not a reversal. My Take PLTR is not in balance — it’s in distribution mode. Until proven otherwise, rallies are selling opportunities, not breakout setups. This is the type of chart where: * Patience pays * Confirmation matters * Forcing longs gets punished I want to see structure flip first, not just a green candle. This analysis reflects my personal opinion and is for educational purposes only. It does not constitute financial advice. Always manage your own risk.