$MSFT TOP 20
Added 2024-02-04 22:33:37 +0000 UTC$MSFT is the only Mega Cap that concerns me slightly because in spite of a strong earnings, it had little impact on the share price and we know why.....because it has hit the 2.27 Fib which is the standard area to complete Wave 5.
We know that Wave 5 can go extended but this has not happened yet.....if $AMZN, $AAPL and $GOOG continue to push higher, then I expect $MSFT to go extended but we needed to be mindful that $MSFT is close to its standard limit so a pull back can come now.
PE is now at 37, so although it is not extreme.....it is over double the average of the S&P 500 historical average.
