$MSFT TOP 20
Added 2024-04-14 19:07:41 +0000 UTC$MSFT has not moved in over a month now and it has been the silent giant in the room.
It is not breaking down or moving higher and holding onto the 2.618 Fib.....I suspect earnings at the end of April will have something to say about this.
I believe the market correcting comes down to only a small number of players and $MSFT pulling back, along with $NVDA and maybe one other like $AMZN will be enough to start the wave of selling pressure to the downside.
This happened last year too but in the opposite direction, money poured into the Mega Caps instead of banks and it saved the market, the market can not correct without these few big players, their influence is too heavy.
So $MSFT losing the 50 Day MA at $414 will be enough for all of us to pay attention to this.....which is only a -2% drop from here.
