MSFT, our most trustworthy bellwether for the aging bull market, is taking a lazy path higher, at least to the 545.32 midpoint Hidden Pivot. We’ll be better able to judge how likely the stock is to reach the D target at 613.49 after we’ve seen how buyers interact with ‘hidden’ resistance at the red line. In the meantime, in the unlikely event MSFT swoons to 505.44 and you are eager to buy on weakness, put a bid there with a 502.22 stop-loss.
$MSFT – Microsoft (Last:535.07)