Checking in on the Fat Lady
MSFT has always been a reliable bull market bellwether.
The chart below implies sellers are not quite done, and that they will need to take the stock down to at least 332.11 before it can find good traction. I cannot say whether there will be a corresponding drop in SPX that at least somewhat exceeds a 4820 downside target I drum-rolled ahead of Sunday night’s collapse. The so-far low occurred just above it, at 4835.
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