The moderately bearish picture shown is congruent with the one accompanying the ES tout (see above). I could have used a larger pattern to project a lower target, but I’ll give the bull the benefit of the doubt because I do not believe DaBoyz are ready to pull the plug on this decrepit bull market. Most immediately in MSFT, minimum downside to at least d=461.36 is all but guaranteed, given the way sellers crushed the midpoint support at the beginning of last week. But ‘camo’ bottom-fishing is strongly recommended there, even if only to leverage a bounce that could be short-lived.
MSFT – Microsoft (Last:483.54)