$MSFT TOP 20
Added 2024-01-01 18:50:52 +0000 UTC$MSFT continues to look bullish in the short term here as it has formed an ascending triangle, so we could get a breakout to the ATH level at $384 again.
My only concern here for $MSFT is that it has run a lot faster than $AMZN, $AAPL, $SPY and $QQQ.....it is showing me that this this could be in Subwave 5 of Wave 5 because we are considering the pull back at the end of October as Subwave 2.....so if $MSFT does not go above $384 and rejects....then this could come down to complete Subwave 2, possibly to the blue line at $349....so the entire structure since $308 could just be Subwave 1 of Wave 5.....its a little extreme but it is something I am watching if it does not break above $384, because it is slightly out of sync with the other Mega Caps......that being said, they have performed the strongest of all of the Mega Caps this year....so it has every right to be ahead of the pack.
For now, we are keeping with the count as shown and I have added in the Corrective pull back levels for the later part of the year after Wave 5 completes....this is only provisional until Wave 5 completes.
