For the last 2 weeks we have spoken about the possibility of $MSFT and $AAPL not being able to hold support above their Wave 4 lows in the middle of August and they may come down to their 200 Day MA's, as shown from the the white circle on the chart.
This is certainly a possibility and oddly enough, the Wave 4 in the white circle brings us exactly until the end of this month, meaning Wave could bottom on the 200 Day MA on the last day of Sept, isn't that convenient?
This will likely follow by a year end rally.