Palantir ($PLTR) has dropped 12% over two days, which the author attributes to a systemic software selloff affecting the $IGV index and its top holdings like $MSFT. While $CRM, $ADBE, and $NOW hit 52-week lows, the author remains bullish on Palantir due to its 70% revenue growth and 50% adjusted operating margins. Key technical levels identified include support at $130, with a warning that the outlook could worsen if the price falls below $120.