The low of last week’s swoon missed the 481.20 target by nearly $5, but I expect it to be achieved nonetheless. A ‘mechanical’ short at the red line would take a 505.59 stop-loss, or a 517.79 stop-loss if executed as we usually do at the green line. I’ll suggest paper-trading this one for informational value unless you are familiar with the risk-reducing features of a ‘camouflage’ set-up. The tactic is described in detail in the Hidden Pivot course that I have available free to all legacy subscribers, and to new signups who take a one-year subscription.
$MSFT – Microsoft (Last:498.63)