$MSFT continues to fall out of place with the other Mega Caps right now and not only did the price action finish below the 50 Day MA but it also finished below the 200 Day MA.....a big loss for the bulls
We have monitored this for some time now and the ABC correction has been the dominant set up too.
$408 is the next test and then the biggest bearish indication will be making a lower low below $400 and Wave C is confirmed for me
So bulls need to fight this week and get this back above $428 and out of danger.
Gareth Neary
2025-01-05 19:46:15 +0000 UTCok
2025-01-05 19:42:12 +0000 UTC