And like clock work, the relief bounce comes above the 200 Day MA and back to the blue line where the 50 Day MA is waiting at $238.
Big test now coming up is whether or not the bulls can flip this line at $238 to support, if they can then the Melt Up Wave 5 level is back in play, but rejecting at this level next and we are into the same weakness scenario as $MSFT right now.
JZ
2025-01-30 22:32:48 +0000 UTC