MSFT – Microsoft (Last:381.74)

The stock was an inch shy of triggering a buy signal on Friday, but I have presented a picture that is moderately bearish so that it is congruent with my pessimistic outlook for the E-Mini S&Ps. If the stock instead rallies to start the week, you can get short belatedly at the green line (x=392.85), using a stop-loss at 406.00. My downside target will remain 353.44 unless 406.00 is touched first.  If the stock falls straightaway to the pink line (p2=366.58), stay tuned, since it might open an opportunity to get short at the red line (p=379.72) with a generous stop.