The market needed $MSFT to bounce for Wave B and it did give the market that in Dec but a weak market this week showed $MSFTs vulnerability once again and rejected very clearly at the 0.78 Fib at $450 and fell down towards the 50 Day MA
As long as the price stays above the 50 Day MA, it can always have a chance to make another attempt at $470...but any more rejections at the amber levels and Wave C is back in play at $350
Chris H
2024-12-22 23:45:26 +0000 UTC