$MSFT was the first company to start its correction and it started on the 1st of July with a top at $468 and then declined for 9 months and pulled back to the 0.5 Fib at $344, just above the 200 WMA.
Price is now already back above the 50 WMA, which is also a first for any of the Mega Caps too that we follow.
So I have added in the impulse wave here, with the Wave 3 target at the 1.618 Fib at $437.
Remember the US market did not decline from its top until the 20th of Feb '25, 8 months after $MSFT started its decline, so they have not been in the same cycle....$MSFT is likely ahead of the US market and as the market leader, this is not a surprise.
Jon marconi
2025-05-03 05:02:17 +0000 UTCFaizan Sofi
2025-05-01 19:35:47 +0000 UTCcrypto baba
2025-05-01 14:30:04 +0000 UTCShaleen Deep
2025-05-01 10:49:45 +0000 UTCJulian
2025-05-01 10:34:30 +0000 UTC