The Long Investor

$MSFT TOP 20

Added 2024-07-19 11:58:27 +0000 UTC

This is the same chart we have used for the last few months and again uploaded last weekend, Wave 5 has not changed.

$MSFT tested its 50 Day MA yesterday with a lot of the Mega Caps and needed a strong day today to recover from that test....so it needed an IT outage like it needed a hole in the head, sometimes when it rains, it pours.

$CRWD is the main security protection used by $MSFT so it is down in the PM now and we can see that there is a battle to keep the 50 Day MA right now, I don't consider this level lost yet, nor do I believe if it is lost that the bulls won't be battling to recapture it, especially if the other Mega Caps hold their structure.

This IT outage will be completing forgotten about if the Mega Caps and $MSFT report strong earnings....Revenue and Margins is what the market reacts strongly to, not an isolated incident.

$MSFT holders should not react to this I believe, I think sticking with $MSFT to earnings makes the most sense here.