$MSFT TOP 20
Added 2024-07-28 19:02:34 +0000 UTC$MSFT showed some relief bounce on Friday but we can see clearly on the chart that the 50 Day MA did not come close to being tested, as was the issue with the $QQQ too, so the Tech sector did not perform nearly as well as the wider market.
Also like the $QQQ, we will be waiting for a retest of the 50 Day MA this week at $440 here, a clear rejection and we can assume we are in Wave A, reclaiming the 50 Day MA and this moves higher and so will the market to what will likely cause a market melt up into the rate cut announcement.
