Seven weeks after precisely achieving the 430.58 bull market target I’d aired in 2023, MSFT has yet to push more than slightly above it. My gut feeling is that buyers would have impaled the Hidden Pivot on first contact if they had the moxie to push the stock to D=452.35. For that reason, I expect a sharp pullback from these levels before bulls can try again. I doubt the selling will reach the green line (x=404.11) to set up a ‘mechanical’ buy, but I’ll be looking for opportunity to develop at p=420.19. I don’t plan to trade this one, but merely to observe it. The stop-loss would be at 409.47, with a goal of reaching p2=436.27, if not D.
MSFT – Microsoft (Last:430.30)