MSFT showed resilience on Friday but is still likely to fall at least to the red line, a midpoint Hidden Pivot support at 492.59. If sellers breach that number decisively, it would shorten the odds of a further fall to as low as 434.03. It would also make a rally back up to the green line (x=521.87) a juicy ‘mechanical’ short, stop 551.16. I will continue to use this stock as my main bellwether for the aging bull market, much as General Motors served that function in another era (“As General Motors goes, so goes the nation.”)
$MSFT – Microsoft (Last:521.91)